Life & Style
US, other countries plan to take advantage of low oil prices to fill storage tanks
It will sell an unspecified number of shares on the Riyadh stock exchange
Aramco has announced the world’s biggest stock flotation but it falls short of meeting Saudi Arabia’s ambitious goals
Company does not currently produce LNG and any such sale would be first of its kind
The crown prince also referred to future projects for investments, in sectors such as tech, energy and farm
Kingdom is scrambling to boost coffers of fund spearheading plan to diversify its economy
IPO for state-owned company could take place in 2018
Says 5% share capital expected to be sold, likely to be biggest share offering in history
Aramco produces more than 70 percent of the Saudi government’s revenue
Would be through listing on capital markets
Pakistan has decided it will not evacuate its citizens from China to counter the threat of the fast-spreading corona virus. Do you agree with the decision?
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