Saudi Aramco begins book building for share sale | Money Talks
Money Talks
English - November 04, 2019 19:09 - 7 minutesBusiness News Business News business money finance banking currency stocks politics economy economics analysis Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The world's most profitable company is getting ready to share its riches with international investors. Saudi Aramco has announced plans to list, in what could be the world's biggest initial public offering. It's inviting bids from banks, before it sells shares to the public. Officials are hoping to raise billions of dollars through the share sale, but as Mobin Nasir reports, meeting investors' expectations could come at a hefty cost for the kingdom. Captain Ranjith Raja joined us from Dubai. He's a senior analyst at the Mena Oil Research company, Refinitiv.
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