Saudi Aramco during his state visit to the Saudi stock exchange. That is, the staatsolieconcern on Sunday, Twitter confirmed it. It’s going to be an important milestone in the company’s history,” said president Yasir al-Rumayyan. The value of the equity shares will be in the next few weeks given before the investors are able to subscribe to.
During the public offering, bringing Saudi Aramco is expected to have only an importance of 1 to 2 per cent of the stock in the Saudi capital, Riyadh, and later as an international trading add. In addition, the company is valued at about 1,500 billion to 2,000 billion dollars, which, with the group immediately, is the most valuable publicly traded company in the world.
Saudi Aramco is the world’s largest and most profitable oil company in the world. The company produces 10 per cent of the world’s production of oil. The revenue from the ipo would be used for a new investment fund that enables the crown prince, Mohammed bin Salman, the country-by 2030, depending on wishes of the oil-exporting.
the Delay
the World is in for a very long time in the megabeursgang been waiting for. Previously, everyone thought that the Saudi’s step in the previous month, though it would come. But then there came suddenly the news that the announcement has been delayed. That was, reportedly, have to do with the droneaanval in some of the Saudi oil installations in the end of september. Concerns among investors about the consequences of this had to be dealt with.
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