Saudi Aramco's $100 billion IPO could become an outright buy by China

Saudi Arabia's anti-corruption purge brings the China card into play

20171107_MBS Salman

Saudi Arabia's Crown Prince (then-deputy crown prince) Mohammed bin Salman, left, meets Chinese President Xi Jinping in Beijing in August 2016.

HIROFUMI MATSUO, Nikkei senior staff writer

TOKYO Plans to list shares of Saudi Aramco, the world's biggest oil producer, have taken a twist in recent weeks. Rather than being sold as shares through a stock exchange, the stake could be sold directly to China or to institutional investors.

There is also uncertainty coming from the anti-corruption crackdown by Crown Prince Mohammed bin Salman, in which several influential princes and senior officials have been implicated, including an Aramco board member who was arrested.

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