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Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO: sources

Reuters Saturday, 9 November 2019
Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.
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Video Credit: Al Jazeera STUDIO - Published
News video: Aramco IPO expected to lean on Saudi investors and China

Aramco IPO expected to lean on Saudi investors and China 03:06

As Saudi Arabia gears up to sell shares in its national oil company - questions remain about how much it is really worth.

πŸ’‘ One News Page Knowledge: Other News Mentions

Saudi Aramco Saudi Aramco Saudi Arabian petroleum and natural gas company

Chinese giant eyes record $34bn market debut

The Chinese firm is set for the biggest public share offering ever, eclipsing Saudi Aramco's $29bn flotation.
BBC News
Aramco doubles down on oil to outlast rivals [Video]

Aramco doubles down on oil to outlast rivals

The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. But as Francis Maguire reports Saudi Aramco sees things differently.

Credit: Reuters Studio    Duration: 01:42Published

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