Saudi billionaire investor Prince Alwaleed Bin Talal on Monday floated the idea that the kingdom could publicly list an increasing portion of its state oil giant Saudi Aramco in the coming years.
"No one talks about this idea that if you go 5 percent, there's nothing that prohibits you from going another 5 percent next year, and 5 percent the third year and fourth year, and so forth, depending on the situation," he told CNBC on Monday from his apartment in Riyadh.
"Now, I know this is our treasure, and we have to keep it, but that treasure also needs to support the country," the chairman of Kingdom Holding Company added in an exclusive interview on CNBC's "Squawk Box."
Saudi Arabia is aiming to launch an initial public offering for Saudi Aramco next year and is expected to offer about 5 percent of the company to investors. The IPO is expected to be the largest ever.
On Sunday, Saudi Aramco CEO Amin Nasser told CNBC the listing is on track for the second half of 2018.