This sign was used during a news conference in Dhahran, Saudi Arabia, announcing Saudi Aramco's planned listing on the Riyadh stock exchange. The state-run oil company's initial public offering will hit its target valuation range when final pricing is announced Dec. 5 but will fail to attract meaningful foreign participation.
Driven by Crown Prince Mohammed bin Salman's desire for a "big win," Saudi Arabia's push to sell off a tiny slice of its state-run oil company has been a frantic series of compromises....
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