Al-Falih added that the sale of stake in petrochemicals firm SABIC to state oil giant Saudi Aramco is subject to regulatory conditions.

Aramco Chief Executive Officer Amin Nasser had said on Tuesday that anti-trust regulations abroad will mean that the company’s planned acquisition of a stake in Saudi Basic Industries Corp (SABIC) will take time.

(Reporting by Tuqa Khalid, editing by Hadeel Al Sayegh)