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ICYMI - Saudi Arabia’s Aramco considers selling (listing) US$50 Billion in shares

The Wall Street Journal reported that Saudi Arabia’s Aramco, the world’s most valuable oil company, appears to be considering selling a stake of as much as $50 billion.The Journal cites "people familiar with the potential deal" for the info. The 50bn cited would be the largest offering in the history of capital markets. Says the WSJ piece:after months - long consultations with advisers, the kingdom has decided to host any new Aramco offering on the Riyadh exchange to avoid legal risks associate... Read More

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Posted: Sep 3 2023, 22:02

Author Name: forexlive

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