The government plans to run a book-building process to gather investor interest until next Thursday.
ABU DHABI: Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Saudi Aramco as soon as Sunday that could raise more than US$10bil, according to people familiar with the matter.
The government, which is Aramco’s largest shareholder, plans to run a book-building process to gather investor interest until next Thursday, the people said, asking not to be identified because the information is private.
