SITUATION REPORT

Saudi Arabia: Saudi Aramco Announces Price Range for IPO Valuation

Nov 18, 2019 | 19:39 GMT

Saudi Arabian Oil Co. is targeting a valuation between $1.6 trillion and $1.7 trillion for its initial public offering and a price of 30-32 Saudi riyals ($8-8.50) per share, the company announced Nov. 17, Bloomberg reported....

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