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Saudi Aramco Will Be Listed On Stock Exchange

Dubai – Masaader News

Aramco Co. in Saudi Arabia will listed on the Riyadh stock exchange, in what could be the world’s biggest initial public offering (IPO), according to BBC.

The state-owned oil giant will determine the IPO launch price after registering interest from investors.

Business sources say the Saudis are expected to make shares available for 1% or 2% of the firm, and the offer will be for existing company shares.

Saudi Aramco is thought to be worth about $1.2tn (£927bn).

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