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Saudi Arabia readying to offer Aramco’s share to public

by ChemOrbis Editorial Team - content@chemorbis.com
  • 07/12/2016 (14:59)
According to media reports, Saudi Arabia will offer the world’s biggest oil company Saudi Arabian Oil Co.’s (Aramco) shares to the public in the domestic market. Aramco is reportedly planning to sell a stake of 5% in its domestic market, which it thinks could put a market value on the company worth trillions of dollars.

The company is also considering to sell on foreign bourses, the reports revealed. Saudi Arabia has already sold its first international bond and raised $17.5 billion in line with its plan to make the Middle East’s stock market easier to access for foreign investors, according to reports.
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