please contact sales@tanchin.hk for any inquiry
Sources familiar with the situation said on Monday that Saudi Arabia plans to gradually list Saudi Arabian Oil Corporation (SAPC) in its domestic market. Saudi Arabia will determine the role of banks in the initial public offering (IPO) of the world's largest oil company.
Sources said Saudi Arabia intends to publicly issue 1% of Saudi Arabia's Ami shares on the Riyadh Stock Exchange by the end of this year and 1% in 2020 as a first step in the public sale of about 5% of Saudi Arabia's Ami shares.
At a valuation of $2 trillion that Saudi Arabia and Amy had hoped to achieve, a 1% public offering would be worth $20 billion, a huge milestone for the local stock market.
Saudi Arabia's Arab-American IPO is crucial to Saudi Crown Prince Mohammed bin Salman's plan to diversify the Saudi economy and reduce dependence on oil revenues. Saudi Arabia's Amy IPO has recovered rapidly in the past few days, which will be the largest IPO in the world.
Saudi energy minister Prince Abdulaziz said Monday that Saudi Arabia plans to hold an Arab-American IPO "as soon as possible" and talks about this issue for the first time after succeeding Falkh as energy minister.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

619/530 MA 609/530 MA 618/530 MA 60/500 N1MAS BB1B 363472 619/500 MA 618/500 TN9 618/500 MA 608/500 MA 614885 6096 N1MB 6096 MB 61996 MA 61896 MA 6092 N1MB 6092 MB 61992 MA 61892 MA 6088 M 61988 MA