SAUDI ARAMCO'S VALUE $1.5 TLN
GULF NEWS - November 03, 2019 - Dhahran: Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil. But in its long-awaited announcement, Aramco, the world's most profitable company, offered few specifics on the number of shares to be sold, pricing or the date for a launch.
What is the valuation of Aramco?
Bankers have told the Saudi…
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