Tag Archives: Saudi Aramco

OPEC and its partners are due to meet next month in Vienna.

Global oil demand may peak within the next 20 years.

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.

OPEC will remain under pressure from rising U.S. oil output.

Saudi Arabia on Sunday finally kicked off Aramco’s long-delayed IPO.

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.