Aramco Kicks Off IPO; Valuing the Company Just Below the $2 Trillion Expectation of the Crown Prince

  • Nov 18, 2019 AEDT
  • Team Kalkine

The Saudi Oil major- Aramco to offer a 1.5 per cent stake in the company in the price range of 30 to 32 riyals per share.

  • The issue prices along with the 3 billion shares (1.5 per cent) value the Initial Public Offering of the company to over USD 25 billion, which further takes the market value of the oil giant to USD 1.6 to USD 1.7 trillion;
  • The IPO would be offered to the Saudis and to the foreign institutions allowed to invest in the domestic stock market.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK