Aramco is considering an IPO in the retail fuel sector,


Informed sources said that the giant Saudi oil company, , is considering selling a stake in its retail fuel and oil trading company, with the possibility of offering the company’s shares on the Riyadh Stock Exchange.
And the Bloomberg news agency quoted the sources as saying that talk about the initial public offering of the fuel company is still in its early stages, and Aramco may not ultimately decide to implement this step.Aramco established in 2018 a separate fuel and oils retail company to expand its activities in the manufacture and marketing of petroleum products.

The following year, Aramco agreed to establish a chain of Saudi fuel stations jointly with French energy giant Total Energy.

In its annual report last year, Aramco said that it is developing a strategy for the retail sector that will later focus on strengthening its presence in the Kingdom, to become one of the main global companies in the field of fuel retailing globally later.





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