BFM 89.9

Podcast  >  Morning Run  >  Morning Brief  >  Aramco IPO - The Start Of The Saudi Economy Overhaul?

Aramco IPO - The Start Of The Saudi Economy Overhaul?

Salih Yilmaz, Research Analyst, Bloomberg Intelligence

06-Dec-19 07:10

Aramco IPO - The Start Of The Saudi Economy Overhaul?

Saudi Aramco announced the final price of its IPO at 32 riyals per share (around USD8.50)] valuing the world’s most profitable company at 1.7 trillion dollars. It raised $25.6 billion as is now the world’s biggest IPO. This deal has been synonymous with Crown Prince Mohammed Bin Salman and his plans to reshape the nation, but at 1.5% of the firm, is it enough to get his ambitious plan to overhaul the economy back on track considering that he once wanted $100 billion?

Presented by: Roshan Kanesan


Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  Saudi ArabiaSaudi AramcoIPOCrown Prince Mohammed Bin SalmanInvestments


Business
Money

Share this podcast




Play / Pause

Listen now :

Today’s Shows



10:00 AM

Pick of the Pops (REPEAT)

12:00 PM

Bar None (REPEAT)

1:00 PM

Ringgit and Sense (REPEAT)

How To Ask For A Raise; Indira Nair, Communications Coach

1:30 PM

The Property Show (REPEAT)

Singapore's HDB And Public Housing Market; Alan Cheong, Executive Director, Savills Singapore

2:00 PM

Cruise Control (REPEAT)

The Toyota Corolla Cross Is Still A Corolla At Heart; Daniel Fernandez, Managing Editor, dsf.my

3:00 PM

By the Book (REPEAT)

Bibliography - Joan Didion;

4:00 PM

The Bigger Picture (REPEAT)

Meera Samanther - “The Struggle is Long, But Changes Happen”; Meera Samanther, Women’s Rights Activist, Former President of WAO & AWL

5:00 PM

TED Radio Hour

6:00 PM

Earth Matters (REPEAT)

Plastic Soup: Zero Waste Malaysia's “Thrashpedia”; Khor Sue Yee (Co-founder and Director) and Jasreel Lim (Head of Finance & Business Development), Zero Waste Malaysia

7:00 PM

Back To Back (REPEAT)

8:00 PM

Track By Track (REPEAT)

9:00 PM

The Selector