james22 Posted April 25, 2016 Share Posted April 25, 2016 Saudi Arabia’s new strongman, deputy crown Prince Mohammad bin Salman, known popularly as MbS has revealed some detail on the IPO listing of Saudi Aramco, Saudi Arabia’s state owned oil company and world’s largest exporter. According to latest, Saudi Arabia is looking to list 5% stake of Saudi Aramco and expects the valuation of the company to reach to $2 trillion. The kingdom wants to convert Aramco as a holding company. Subsidiaries of the company will also be listed and its board will be elected and financial information of the company will be released soon enough. http://www.econotimes.com/Saudi-Prince-reveals-first-details-of-Aramco-IPO-199934 Link to comment Share on other sites More sharing options...
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