Progress on Saudi Aramco’s IPO Inches Forward

With equity capital markets taking a different turn in recent weeks, Saudi Arabia is getting closer for its initial public offering (IPO) of Saudi Arabian Oil Company (Saudi Aramco), a state-owned oil monopoly, for the domestic market. Furthermore, there is a key reason why Saudi Arabia changed its mind and reasoned that the Organization of the Petroleum Exporting Countries (OPEC) should go back to managing supply. An increase in the price of oil, would be beneficial for the valuation of Saudi Aramco.

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