Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022.
Saudi Aramco did not immediately respond to a Reuters' request for comment.
The company completed the world’s largest initial public offering in late 2019, raising $25.6 billion and later selling more shares to raise the total to $29.4 billion.
Saudi Arabia had planned in addition to sell Aramco shares worth up to $50 billion last year, but decided market conditions were unfavourable, the Journal said.
It reported a 38% decline in second quarter profit to 112.81 billion riyals from the year earlier period.
Persons:
Dado Ruvic, Saudi Arabia’s Crown Prince Mohammed bin Salman, Prince Mohammed, Urvi, Louise Heavens, Barbara Lewis
Organizations:
Saudi Aramco, REUTERS, Wall Street, Aramco, Saudi, Saudi Arabia’s Crown, Public Investment Fund, Investment Initiative, Thomson
Locations:
Saudi, Riyadh bourse, Riyadh, Saudi Arabia, Bengaluru