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


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Investments

Tags:  Saudi ArabiaSaudi AramcoIPOCrown Prince Mohammed Bin Salman


Share this podcast




Play / Pause

Listen now : Morning Brief

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

(LIVE) H. E. Dr. Peter Blomeyer, German Ambassador to Malaysia

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

People, Planet, Profit

10:05 AM

Open For Business

Jan Willem Smulders, Chairman, Ideas Academy

11:05 AM

Resource Centre

Hetal Doshi, Founder, O-Psych

12:00 PM

Enterprise Biz Bytes

1:00 PM

The Breakfast Grille Repeat

H. E. Dr. Peter Blomeyer, German Ambassador to Malaysia

2:05 PM

Live & Learn

Budget 2023: Addressing the Needs of Vulnerable Women

3:05 PM

Today I Learned

Iran Protests Explained

4:05 PM

Health & Living

5:00 PM

Popek Popek Parlimen

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture Throwback

Some Like It Hot

8:05 PM

By The Book

The Bookers Through The Years

9:00 PM

Bar None