Aramco said to be weighing secondary share sale in SG, London to raise up to $50b

Aramco said to be weighing secondary share sale in SG, London to raise up to $50b

A Saudi Arabian Oil Co. (Aramco) logo sits on an electronic display at the company's corporate pavilion during the 22nd World Petroleum Congress in Istanbul, Turkey, on Wednesday, July 12, 2017. Photographer: Kostas Tsironis/Bloomberg

Saudi Arabia is planning to list more shares in Aramco and is targeting a stake sale of as much as $50 billion, the Wall Street Journal reported on Friday, citing people familiar with the oil giant’s strategy.