01:59The board of Saudi Arabia's national oil company Saudi Aramco is reportedly expected to meet with advisors around October 17, and decide on listing between 1% and 2% of the company's shares at the Tadawul exchange in Riyadh by the end of November.
On Saturday, the press was invited to tour Aramco’s Abqaiq and Khurais oil facilities almost a month after they suffered considerable damage in a drone attack.
The initial public offering (IPO) for 2% of the company shares is expected to reach up to $40 billion (€36 billion), which some reports dub as "the biggest IPO on record."
The listing value suggests the oil company is targeting a total valuation of almost $2 trillion (€1.8 trillion), double that of Apple Inc.
Moreover, reports suggest that an international listing could follow in Tokyo in 2020 or 2021.
Saudi Arabia: Aramco board to decide on 'record IPO' listing - reports
The board of Saudi Arabia's national oil company Saudi Aramco is reportedly expected to meet with advisors around October 17, and decide on listing between 1% and 2% of the company's shares at the Tadawul exchange in Riyadh by the end of November.
On Saturday, the press was invited to tour Aramco’s Abqaiq and Khurais oil facilities almost a month after they suffered considerable damage in a drone attack.
The initial public offering (IPO) for 2% of the company shares is expected to reach up to $40 billion (€36 billion), which some reports dub as "the biggest IPO on record."
The listing value suggests the oil company is targeting a total valuation of almost $2 trillion (€1.8 trillion), double that of Apple Inc.
Moreover, reports suggest that an international listing could follow in Tokyo in 2020 or 2021.
The board of Saudi Arabia's national oil company Saudi Aramco is reportedly expected to meet with advisors around October 17, and decide on listing between 1% and 2% of the company's shares at the Tadawul exchange in Riyadh by the end of November.
On Saturday, the press was invited to tour Aramco’s Abqaiq and Khurais oil facilities almost a month after they suffered considerable damage in a drone attack.
The initial public offering (IPO) for 2% of the company shares is expected to reach up to $40 billion (€36 billion), which some reports dub as "the biggest IPO on record."
The listing value suggests the oil company is targeting a total valuation of almost $2 trillion (€1.8 trillion), double that of Apple Inc.
Moreover, reports suggest that an international listing could follow in Tokyo in 2020 or 2021.