Saudi Aramco 2222 Sr Marketplace Capitalization
The Saudi government recently confirmed plans to sell a 5pc stake in its state oil business as element of a radical strategy to shake up the kingdom’s stumbling economy via a $3trillion sovereign fund. Trading on the Saudi Tadawul stock exchange came following a mammoth $25.six-billion initial public offering that set the record as the greatest ever in history, overtaking the $25 billion raised by China’s Alibaba in 2014. Figure 2 is a reserves-based calculation that applies Aramco’s 262 bboe,…