Skip to content
Markets
Deals

Saudi Wealth Fund Weighs Plans for $90 Billion Aramco Stake

  • Saudi government transferred the 4% holding to PIF this month
  • PIF is seeking funds to help meet ambitious investment goals
An employee at the Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia.

An employee at the Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia.

Photographer: Maya Sidiqqi/Bloomberg
Updated on

Saudi Arabia’s sovereign wealth fund has kicked off discussions about how to monetize its roughly $90 billion stake in the world’s largest energy company as it seeks to raise funds for ambitious investment goals, people familiar with the matter said.

The Public Investment Fund is evaluating options for its 4% holding in Saudi Aramco, the people said, asking not to be identified as the matter is private. Potential advisers are pitching a range of possibilities, including a full or partial sale of the stake, or raising money by pledging the stock against the issue of convertible debt instruments or loans, the people said.