Saudi Aramco IPO

Economic reforms envisioned in Saudi Aramco IPO

Economic reforms envisioned in Saudi Aramco IPO

The Crown Prince of Saudi Arabia, Mohammed bin Salman, MBS in January, 2016 broke the news that global oil giants, Saudi Aramco would float a US$2 trillion Initial Public Offering, IPO in 2018. Described as the most lucrative in history, three stock greats, the New York Stock Exchange, the London Stock Exchange and Hong Kong out of the 16 ‘Trillion Dollar Club’ members globally, jostled to win the listing of Aramco shares.