Your Portal for Key Energy Information and Research

Saudi Aramco Plans Two-Step Listing to Expedite Massive IPO

By Criterion Research
September 11, 2019 -

Looking to accelerate a centerpiece of Crown Prince Mohammed bin Salman’s economic reform program, Saudi Aramco is reportedly considering a 1% offering of the company this year and another 1% offering next year on the local market. 

The crown prince aims to list 5% of Saudi Aramco and wants $2 trillion valuation, despite most analysts putting the Company's value closer to $1.5 trillion.


... View Original Article ...

Categories
Oil and Gas
Upstream

Commodities
Financial

Tags
Stock Market

Regions
Middle East

Countries
Saudi Arabia

Related News

Saudi Arabia Urges... (subscriber access)

Saudi Aramco Hires LNG... (subscriber access)

Saudi Aramco Increases... (subscriber access)

Japan's PM Abe Calls for... (subscriber access)

Kuwait Expecting Joint... (subscriber access)

Sempra & Saudi Aramco... (subscriber access)

Suadi Aramco Acquires... (subscriber access)

Saudi Arabia Focusing on... (subscriber access)

Saudi Aramco Exercising... (subscriber access)

Saudi Aramco Issues... (subscriber access)