Aramco chairman expects strong demand for IPO from global institutions: Al Arabiya

Yasser al-Rumayyan, Saudi Aramco's chairman, gestures during a news conference at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed

DUBAI - Saudi Aramco chairman, Yasir al-Rumayyan, expects strong demand from global institutions for Aramco’s initial public offering , he told Al Arabiya news channel. Saudi Arabia’s state oil company kick-started its initial public offering 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.

The global institutions expect Saudi not to violate human rights but there you are

Even murderers need a bit of cash, eh?

NOWAY ! they are selling an mty ship !

I doubt it unless there's a HUGE discount. Why would anyone invest in a privately owned company where the family who owns the thing can just take the money and run? Investing in ARAMCO is like investing in Trump U.

Strong demand for IPO depend of Saudi Arabia 🇸🇦 end of to the war in Yemen. &talks with Iran 🇮🇷 in order to overcome political differences, in order to count with stability in the region.

Why they need IPO? 'Front-run' buy Bitcoin and then sell Oil for Bitcoin 😅 ~$21 trillion deal

they better invest in this bullsht or else putin will murder them or their family members

High risk investment

I'm guessing they know the oil is about to run dry, so they figure they'll get one more big payout before the rest of the world finds out... that will be a worthless company in a few years.

$60 billion 🤣

Oky

Lowering the risk and diversify the resources are the factors for such move.

Surprise!

And you're 100% sure that's NOT Robert Mueller in the pic?

I wonder how many options Mr. Trump has been granted. I'm sure his boys are working on that in Saudi!

Third commercial for Aramco today

Not another one.

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