Saudi Arabia’s state-owned oil company Aramco has announced their stock price at $8.53 per share laying the ground work for a $25.6bn sale.
The sale could be the largest ever initial public offering (IPO), the figures released also affirms a $1.7trn valuation for Aramco.
Saudi Arabia’s Crown Prince Mohammed bin Salman is part of the plan to sell a 1.5% stake to help fuel the Kingdom’s economy.
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