Energy

Domestic listing set to begin trading in December

0


An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

Maxim Shemetov | Reuters

Saudi Arabia officially launched its initial public offering (IPO) for its state-owned oil company Saudi Aramco on Sunday, announcing that a domestic listing will happen in December.

The kingdom’s market regulator approved the listing early Sunday but exact details surrounding the size and scope of the IPO remain unknown. In a statement from Saudi Aramco, the company said “the final offer price, number of shares to be sold and percentage of the shares to be sold will be determined at the end of the book-building period.”

Amin Nasser, president and…



Source cnbc.com

Holiday spending online set to hit a record of $143.7 billion: Adobe

Previous article

Delta will restore same-sex love scenes in ‘Booksmart’ and ‘Rocketman’

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy