Deals

Saudis in Talks to Sell Aramco Stake to Global Energy Firm

Sale of 1% stake in state oil firm could be worth $19 billion
Crown Prince Mohammed forecasts unemployment will fall

**Photographer:** Simon Dawson/Bloomberg

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By Matthew Martin, Vivian Nereim, Reema Al Othman, and Abeer Abu Omar

April 27, 2021 at 8:32 PM UTC

Updated on

April 28, 2021 at 2:16 PM UTC

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Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic.