Saudi Aramco Looks to Raise $10 Billion from Real Estate Asset Deal

Saudi Arabia’s oil giant Aramco expects to raise at least $10 billion from a potential sale and leaseback deal for its real estate assets, including its Dhahran Camp residential community in the Eastern Province of the Kingdom, Bloomberg reported on Wednesday, citing sources with knowledge of the plans. Through a potential deal with real estate and infrastructure funds, Aramco, the world’s top crude exporter and biggest international oil company, continues to look to capitalize on its assets and raise billions of U.S. dollars despite the ongoing…