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Saudi Arabia Moves Closer to Another Aramco Stock Offering

  • Kingdom is working with advisers as it studies share sale
  • Decision on stock offering could be made in coming weeks
An oil processing facility in Saudi Aramco's Shaybah oil field.
An oil processing facility in Saudi Aramco's Shaybah oil field.Photographer: Simon Dawson/Bloomberg
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Saudi Arabia’s plans for another multibillion-dollar offering of Aramco stock are gaining fresh momentum, with any deal set to be one of world’s largest share sales in recent years, people with knowledge of the matter said.