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Energy and Power

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Aramco’s IPO

Published On 22 Oct 2019 10:19 AM


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Saudi Aramco said on Sunday the temporal arrangement of its long-awaited stock exchange debut "will rely upon market conditions," when the most recent delay within the blockbuster initial public providing.

The IPO forms the cornerstone of a reform program formed by the kingdom's ruler Prince Salman to wean the Saudi economy off its reliance on oil.

Aramco was expected to launch the primary part of a two-stage ....


Tags : IPO, AFP, Saudi Arabia,
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