Sources have said Aramco could offer 1%-2% of its shares on the local bourse, raising as much as $20 billion-$40 billion
The Aramco listing is expected to be a major topic at a major investment summit that opened Tuesday in Riyadh
The forum was launched in 2017 to showcase Saudi Arabia's future away from oil
Investment bankers from around the world have been pitching for years to win a coveted role on Aramco's IPO
The attacks caused Saudi Arabia to halve its oil output and may cut the valuation of Aramco's milestone deal
One of the primary listings is going to be local but we are also ready for listing outside, it said
Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO
In a country ruled for decades by the Al Saud dynasty, it is not surprising that the king ultimately decides
Saudi Arabia's Tadawul is the only confirmed listing exchange for Saudi Arabian Oil Co., the giant company better known as Aramco, which the kingdom estimates could be worth $2 trillion
The state-run oil company is expected to sell about 5% of Aramco in what would likely be the world's biggest IPO
The Riyadh government is carefully analysing the future price curve structure in oil markets because it regards prices further out as an important element in achieving a high valuation
Foreigners hold less than 5% of shares traded in Riyadh, the financial capital for the Mideast's largest economy.
The sale could be the largest ever, based on the government's $2 trillion valuation of the company
The sale of around 5 per cent of Aramco is expected to go ahead in 2018
The loan agreement comes as London Stock Exchange , with backing from Prime Minister Theresa May, competes to host part of Saudi Aramco's initial public offering (IPO)
Last December, Riyadh released a plan to abolish the deficit by 2020
A domestic share sale in Riyadh could still happen next year
He also said that he now saw fewer differences between Russia's and Saudi Arabia's objectives in the Middle East
Saudi authorities aim to list around 5% of Aramco by the end of 2018 on both the Riyadh stock exchange and one or more international markets
Saudi authorities aim to list up to 5% of the world's largest oil producer on the stock exchange in Riyadh