Saudi Aramco Picks Citigroup to Advise on Terminal Stake Sale, Bloomberg Says, Citing Sources

Dow Jones

11/26

--Saudi Aramco has picked Citigroup to advise on the sale of a stake in its oil export and storage terminals business, Bloomberg reports, citing unnamed sources.

--A formal sale process is expected to start early next year but no decision on the timing or structure of the deal has been made, Bloomberg reports, citing the sources.

--A representative for Saudi Aramco didn't immediately respond to Bloomberg's request for comment, while a representative for Citigroup declined to comment.

Full story: https://shorturl.at/thhKH

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

November 26, 2025 07:02 ET (12:02 GMT)

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