Saudi Aramco Confirms It’s Studying a Potential Share Sale – Bloomberg Business

An IPO could make Aramco the world’s most valuable company, with a capitalization at least double that of Apple’s $535 billion, according to Jason Tuvey at research firm Capital Economics. Opening it up to investors would be the most dramatic change in the kingdom’s economic policy since it started nationalization in the 1970s. The company’s investment decisions have the potential to move crude prices and affect economies around the world.

via Saudi Aramco Confirms It’s Studying a Potential Share Sale – Bloomberg Business.

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About marypmadigan

Writer/photographer (profession), foreign policy wonk (hobby).
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