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Market Chatter: Aramco Lines Up Asset Sales as It Seeks Tens of Billions in Funding Push

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Saudi state-owned energy giant Aramco is exploring the sale of a stake in its sulfur business, a deal that would extend its strategy of monetizing infrastructure assets to unlock tens of billions of dollars, Reuters reported on Wednesday, citing industry sources.

The company, which is seeking to raise funds from an infrastructure portfolio estimated at about $50 billion, reached out to banks last month to pitch the sulfur transaction. The deal is expected to fetch as much as $7 billion.

The potential divestment is part of a broader review of Aramco's asset base, the report said. The company is also weighing a deal involving its oil export terminals, which could be valued at up to $25 billion.

Similarly, Aramco is considering options for its real estate holdings, including a headquarters campus valued at roughly $10 billion.

Aramco didn't respond immediately to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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