Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco

Financial Post | Nov 17, 2019 at 9:16 AM
  • State oil giant Saudi Aramco began its repeatedly delayed share sale on Sunday, offering retail investors and institutions a stake in the world’s most profitable company through a listing on Riyadh’s Tadawul bourse.
  • Retail investors will be sold up to 0.5% of Aramco, about $8.5 billion worth of shares.
  • Roadside billboards and shopping mall adverts have trailed the listing for weeks, hailing “Saudi Aramco, soon on Tadawul”.
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  • Eager Saudis prepare to snap up stakes in 'crown jewel' Aramco (Reuters: Nov 17, 2019 at 9:15 AM)