Saudi state oil giant Aramco plans to start the offering, set to rank it as the world's most valuable company, on Nov. 17.
Retail investors will be offered 0.5% Aramco shares
The government is looking to list 2% of the company on Saudi bourse rather than listing entire share capital on the exchange, the sources said.
The institutional investor tranche will take place over 14 days and the retail investors tranche over 8 days
Aramco kick-started its initial public offering (IPO) earlier on Sunday
The world's top oil company will announce its intention to float (ITF) on November 3, the sources said