saudi aramco

According to Bloomberg, Saudi Aramco’s IPO will start as soon as next month and is expected to be launched in November.

In addition, Reuters said that Saudi Aramco’s listing value is as high as 2 trillion US dollars. The Group has contacted Abu Dhabi Investment Authority and Singapore’s sovereign fund GIC to enter the stock. Since the negotiation is still in its preliminary stage, there is no investment decision. The report refers to the management of Saudi Aramco and the meeting of the Abu Dhabi team, the world’s third-largest sovereign fund, or in October.

Saudi Aramco plans to list on the Saudi Stock Exchange. In addition to the 15 underwriting teams of Faba, Deutsche Bank, UBS, Bank of America and Citigroup, it has recently joined BOC, Royal Bank of Canada, Santander and Mizuho.


Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

Virtual currency burst Mode has started multinational central banks but has repeatedly succumbed to decline

Recently, the prices of virtual currencies such as Bitcoin have risen rapidly.…

US stocks fell sharply on Wednesday, investors confidence Bitcoin fell below $10,000 mark

US stocks fell sharply on Wednesday (14th), and bitcoin, which was seen…

Cryptocurrency and E-commerce: A Match Made in Digital Heaven

Cryptocurrency and E-Commerce: A Future Together? Cryptocurrency has started gaining traction and…

US stocks closed higher than Cisco Wal-Mart’s earnings exceeded expectations

On May 16, US stocks closed higher and the Dow rose more…