(MENAFN) Saudi Arabia and Japan will discuss Japanese investment into the planned initial public offering (IPO) of Riyadh-controlled Saudi Aramco.
Accordingly, the kingdom exposed plans aimed at finishing its "addiction" to oil and changing it into an international investment power.
Moreover, Aramco will give its rights to the crude reserves of the world's top oil exporter, while the value of Aramco will be at least USD2tr.
Additionally, Saudi Aramco is working on the options for its IPO, which involve a single local stock exchange listing and a dual listing with a foreign market.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.