Saudi Arabia and its bankers will on Sunday morning start taking orders for as much as $13.1 billion worth of shares in its energy giant Aramco , in a major test of international investor interest in its market.

Saudi Arabia is selling roughly $12bn worth of shares in its national oil company Saudi Aramco, as the kingdom seeks further capital for its sovereign wealth fund. The Saudi government will sell at least 1.545bn shares, or 0.64 per cent, of the world’s largest oil company at a price between SR26.7 and SR29.

Saudi Arabia confirmed plans for a secondary share sale for its giant state-owned oil company in a deal that could raise over $10 billion for the kingdom as it seeks funds to pay for a massive economic transformation plan.

Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin Salman's plan to diversify the economy.

Saudi Arabia’s plan to sell at least $10 billion worth of Aramco shares will provide another test of investor demand for the kingdom's crown jewel. The first time fell short

Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Aramco as soon as Sunday, a deal that could raise more than $10 billion and rank among the largest of its kind in recent years.

Saudi Arabia confirmed plans to sell shares in its giant oil company in a deal that could raise as much as 44.8 billion Saudi riyals ($12 billion) for the kingdom, as it seeks funds to pay for a massive economic transformation plan.

Saudi Arabia has announced plans to sell shares in its oil major Aramco, in a deal that could raise as much as 44.8 billion Saudi riyals ($11.9 billion), as the kingdom continues with its economic diversification plans.