Tag Archives: Saudi Arabia

The 177th Meeting of the OPEC Conference is expected to be held December 5. 2019.

Most analysts have pointed out that there are some major issues with the company’s financials. its valuation and possible returns for the Kingdom.

Some traders expect the agreed cuts of 1.2 million barrels a day to be increased.

The Commission said it would not raise any competition concerns because the joint venture will not be active in the European Economic Area.

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.

Aramco formally announced a plan this week to launch an IPO on its domestic exchange on Dec. 11.

The Silk Road Fund was set up in 2014 with $40 billion of initial capital.

Plans for the IPO were first announced in 2016 as part of Saudi Arabia’s Vision 2030 economic overhaul programme.

IPO is a key cornerstone in Saudi Arabia’s strategic plans to transform and modernise its national economy.

The oil giant will issue the IPO prospectus on November 9.