Aramco Considers Asset Sales to Raise Cash

Aramco Considers Asset Sales to Raise Cash

Saudi Aramco is reportedly exploring asset sales as a means of increasing the availability of funds to fuel its international expansion and existing operations, according to unnamed sources who spoke to Reuters. The sources told the publication that the Saudi state major had asked investment banks to come up with ideas on how best to make its assets generate some cash. Another two sources told Reuters the asset sales could help Aramco in its eff…

Saudi Aramco considers asset sales to free up funds, sources say

The firm will slash dividend payouts by nearly a third this year as lower oil prices hit its income The post Saudi Aramco considers asset sales to free up funds, sources say appeared first on Gulf Business.

Aramco 'considering asset sales' to free up funds

Aramco goes to investment bankers Oil company needs to cut costs Dividends to be slashed Saudi Aramco is considering asset sales to free up funds as it pursues an international expansion and weathers lower crude prices, sources have told Reuters. The world’s largest oil-producing company is the main source of Saudi state revenue. The company will slash dividend payouts by nearly a third this year as lower oil prices hit its income. Aramco has as…

Saudi Aramco considers asset sales to free up funds: sources

Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices.