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Saudi Aramco to Become Holding Company With Listed Subsidiaries
Tuesday, April 26, 2016 8:10
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The partial initial public offering will be one of the biggest in history
Saudi Arabia plans to list up to 5% of its state-owned oil company on stock exchanges in Riyadh and possibly the U.S., setting up an IPO that could pose big rewards for bankers and even bigger risks for investors.
Deputy Crown Prince Mohammed bin Salman outlined the plan Monday. He said Saudi Arabian Oil Co., better known as Aramco, was worth between $2 trillion and $3 trillion. That means a 5% listing could in theory raise $100 …. http://www.wsj.com
Source: http://luismmx.blogspot.com/2016/04/saudi-aramco-to-become-holding-company.html
