Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO
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10.01.2018

MOSCOW (MRC) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year, said Reuters.The sale of up to 5 percent of Saudi Aramco, expected to go ahead in the second half of 2018, is a centerpiece of Vision 2030, an ambitious reform plan to reduce the dependen

Full article at mrcplast.com

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