Aramco declares US$1.71 trillion valuation in massive IPO | The Malaysian Insight

The Aramco IPO is a cornerstone of Saudi Crown Prince Mohammed bin Salman's ambitious plan to diversify the economy by pumping funds into megaprojects and non-energy industries. – EPA pic, November 17, 2019.

SAUDI Arabia today put a value of up to US$1.71 trillion on energy giant Aramco in what could be the world’s biggest initial public offering, but short of Crown Prince Mohammed bin Salman’s initial target of US$2 trillion.Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

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