Saudi Aramco could start listing shares as early as next month.
on Aramco facilities did not reduce revenue and had “no impact” on the planned public listing of the world’s biggest oil company, Nasser added.
Preparations for the initial public offering, which would also be the world’s largest, are forging ahead: The company is now expected to publish its IPO prospectus before the end of October, theThe Saudi state-owned oil giant could float 1% to 2% of its shares on its local stock exchange, the Tadawul,Saudi Crown Prince Mohammad bin Salman has said he wants a $2 trillion valuation for Aramco, the world’s most profitable company, but analysts have placed that value closer to $1.5 trillion.
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