Aramco Targets Raising Over $10 Billion From Property Portfolio

Saudi Aramco is considering plans to raise billions of dollars from its real estate assets, including a sprawling campus that houses its headquarters in the kingdom’s Eastern Province.

The oil giant has held early-stage discussions on the potential deal and is looking to raise at least $10 billion, people familiar with the matter said, declining to be identified as the information is confidential. Aramco is considering a sale and leaseback transaction, allowing it to unlock capital while retaining use of its real estate holdings, the people said.