Exclusive - Sources: Aramco prepares to sell more assets

SAUDI ARAMCO
MIAHONA

SAUDI ARAMCO

2222.SA

0.00

MIAHONA

2084.SA

0.00

- Saudi Aramco is considering selling a stake in its sulfur business as part of its ongoing strategy to monetize its infrastructure assets to raise tens of billions of dollars, three sources familiar with the matter told Reuters.

Aramco, the crown jewel of the world's largest crude oil exporter, is seeking foreign capital to finance the kingdom's ambitious diversification plan amid mounting financial pressures. Reuters exclusively reported last year that the oil giant was actively pursuing asset sales, efficiency improvements, and cost reductions.