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Saudi Aramco, the world's largest oil company, announces its plan to go public on the Riyadh stock exchange. With up to two percent of shares made available at the initial public offering (IPO) launch, the partial privatization aims to reduce Saudi Arabia's economic dependence on oil. Valued at $1.2 trillion, the IPO is a significant step for the kingdom's economic diversification efforts.
Saturday, 2 November, 2019