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Hannibal X 8 years, 3 months ago.
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Saudi state oil company Saudi Aramco confirms it is considering a potential IPO
Saudi Arabian Oil Co. confirmed it’s considering an initial public offering, which could see the crude producer leapfrog Apple Inc. as the world’s biggest listed company.
The company, known as Aramco, is studying whether to list “an appropriate percentage” of shares of the parent or a bundle of “downstream” units, according to an e-mailed statement Friday. The findings of the review will be presented to the board of directors, which will make recommendations to the company’s Supreme Council, Aramco said.
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