Less than 5 per cent of Aramco to be sold: Saudi deputy crown prince

He also said he expected Aramco to be valued at more than $2 trillion, and that he wanted it to be transformed into a holding company with an elected board, and then added that subsidiaries of the company would also be sold by IPO.

"The 5 percent is from the parent company," he said on television.

(Reporting By Angus McDowall)