Tuesday 10 December 2019
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dailymaverick - 23 days ago

Business Maverick: Saudi Arabia Cuts Aramco Valuation, Boosts Loans to Get IPO Done

Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale to ensure the world’s largest oil producer successfully lists on the Riyadh stock exchange next month.


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