The privatization plan is still on

Aran News Saudi Arabia26 Jul, 2020News

Privatization is the transfer of ownership of specified assets or services from the government to the private sector. The transfer of ownership can be done in several forms including full/partial assets sale, such as initial public offerings (IPOs), management buy-outs (MBO), private public partnerships (PPP), build, operate and transfer (BOT), concessions or outsourcing. In the biggest privatization transaction in history, the Saudi government raised over SR112 billion ($30 billion) from the IPO of Saudi Aramco last year.