Saudi Arabia’s Capital Market Authority (CMA) has approved the application by the world’s largest oil company “for the registration and offering of part of its shares,” the regulator said on their website. The approval comes just a day after Crown Prince Mohammed bin Salman greenlighted the initial public offering (IPO) of state-run Saudi Aramco. The kingdom reckons on a $2 trillion valuation for the company, of which $100 billion will be spent on development programs. However, only a small portion of Saudi Aramco – a total of five percent – is expected to be auctioned off. The oil giant entered the spotlight in mid-September when its facilities in Abqaiq were target
Hence then, the article about riyadh formally launches ipo procedure for saudi aramco was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Riyadh formally launches IPO procedure for Saudi Aramco )