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RSS FeedsEager Saudis prepare to snap up stakes in `crown jewel` Aramco
(WorldNews Business)


17 november 2019 10:50:25

Eager Saudis prepare to snap up stakes in `crown jewel` Aramco
(WorldNews Business)

By Marwa Rashad RIYADH (Reuters) - `No voice is louder than that of the Aramco IPO, the largest IPO on earth,` declared Ahmed Al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world`s biggest initial public offering. State oil giant Saudi Aramco began its repeatedly delayed share sale on Sunday, offering retail investors and institutions a stake in the world`s most profitable company through a listing on Riyadh`s Tadawul bourse. Saudis clamouring to own part of the world`s top oil exporter can go online or to local banks, which have extended working hours to meet high expected demand during a sale process that runs until Nov. 28. Retail investors will be...

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