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The Business Station
Aramco IPO - The Start Of The Saudi Economy Overhaul?
7 mins·07:10, 6 Dec 2019
Aramco IPO - The Start Of The Saudi Economy Overhaul?
7 mins
·
07:10, 6 Dec 2019
·
Recommended
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?
Presenter: Roshan Kanesan
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