Saudi Press: Saudi Aramco, World's Largest IPO

  • 2/25/2023
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Riyadh, Nov. 11, 2019, SPA -- Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Okaz and Riyadh newspapers said in their editorials that Saudi Aramco has announced the final details features of its IPO, leaving only one step to determine the share price, the volume of shares available for subscription and its percentage of the company's total shares. The papers added that Saudi Arabia and the world will face the largest IPO in history, as Aramco has huge oil reserves and huge daily production, monopolizing the local market and preparing to expand in more than one market through the establishment of refineries. Al-Yaum newspaper said in its editorial that the bloody events in Iraq and the crises in Yemen, Syria, and Lebanon are the main cause of the Iranian interference in those countries, adding that the international community has warned of the consequences of this intervention. The paper said that these interventions are intended only to destabilize the sovereignty of the countries of the region and to extend the influence of the Iranian regime to pass its old dream of establishing the so-called Persian Empire. The paper added that the wise decisions that resulted from the Riyadh agreement under the auspices of the Kingdom of Saudi Arabia and the presence of the Yemeni President, where all Yemeni parties agreed to end and settle disputes in the south, has panicked and terrified the minds of the rulers of Tehran who do not want peace in Yemen. -- SPA 09:03 LOCAL TIME 06:03 GMT 0003 www.spa.gov.sa/w1207714

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