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Saudi Arabia considers IPO for national oil group, Aramco

Discussion in 'Market News' started by Lily, Jan 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    World’s biggest energy firm likely to be valued at considerably more than $1tn if decision to list it on stock market goes ahead

    Saudi Arabia is considering a stock market listing for its national oil group – the world’s biggest energy company and probably the most valuable company on the planet.

    Saudi Aramco is a highly secretive organisation but is likely to be valued at well over $1tn (£685bn). Any public share listing would be viewed as a potent symbol of the financial pain being wreaked by low prices on the world’s biggest crude exporting country.

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