Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco( has closed the agreement with an investor consortium to sell a 49% stake in its subsidiary Aramco Gas Pipelines Company at a value of $15.5 billion (SAR 58.1 billion).
Led by affiliates of BlackRock Real Assets and Hassana Investment Company, the consortium includes Keppel Infrastructure Trust, Silk Road Fund, and China Merchants Capital, according to a bourse filing on Thursday.
Under the deal, Aramco Gas Pipelines signed a 20-year lease and leaseback agreement for Saudi Aramco’s gas pipeline network.
It is noteworthy to mention that on 7 December 2021, Aramco signed the sale agreement with the international buyers.
