The Aramco IPO: Saudis Take Part of Their Gold Mine Public
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Article by:
Lawrence Rifkin, The Media Line
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Date Published:
November 04, 2019
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Who was cited:
Iman Nasseri, Managing Director - Middle East FGE
Saudi Arabia this week put into motion the sale of shares in its petroleum behemoth, Saudi Aramco. The goal is not only to raise funds for a kingdom-wide redevelopment plan aimed at moving away from crude as a sole source of income, but also to define a value for what has been reported to be the world’s most profitable company.
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