Saudi Arabia names cost of Saudi Aramco

Saudi Arabia names cost of Saudi Aramco

Saudi Arabia agreed with a valuation of the state-owned oil company Saudi Aramco’s shares below $ 2 trln as part of its expected initial public offering (IPO), the source informs.

Earlier it was reported that the crown prince of Saudi Arabia, Mohammed bin Salman, said that the value of the company during the IPO could be estimated at about $ 2 trln, Bloomberg reports.

At the same time, he agreed to an undervaluation in order for the IPO to be considered successful.

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