Saudi Arabia Approves IPO of World’s Most Profitable Company
More than three years after Crown Prince Mohammed bin Salman first raised the idea — and just three weeks after a plan to launch the share sale was abruptly delayed — oil giant Saudi Aramco announced its intention to list shares on the local stock exchange in Riyadh. The shares are likely to start trading in December.
Here’s what you need to know about the world’s biggest initial public offering.
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