Riyadh-Mubasher: The Saudi government will keep a controlling stake in Aramco if it decides to offer shares in public subscription, said CEO Amin Al-Nassir.
He added that his company is studying some options, including the listing of an appropriate percentage of shares, with the government retaining a controlling interest, as well as the option to list a bundle of downstream businesses and interests.
Nasser, who is chairing a steering committee overseeing the process, cited the government's privatisation initiative and broader economic reforms as the two key drivers behind the move.
Aramco has crude reserves of about 265 billion barrels, over 15% of all global oil deposits. If it goes public, it will become the first listed company valued at $1 trillion, according to analysts' estimates.
