Oil super-giant Saudi Aramco is poised to become the world’s largest company with a multi-billion dollar listing which draws from just a fraction of its total corporate heft.
The Saudi government recently confirmed plans to sell a 5pc stake in its state oil company as part of a radical plan to shake up the kingdom’s stumbling economy through a $3trillion sovereign fund.
The centrepiece of that fund will be the eye-watering valuation attached to Aramco, some $2trillion to $2.5trillion, paving the way for the largest stock market flotation in history.
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