Ready, get set - Saudi Arabia approves Aramco IPO

        November 3, 2019 Al Jazeera | Saudi Arabia | fossil fuels: revenues

The world's largest oil-producing company, Saudi Aramco, and engine of the Saudi Arabian economy, will be floated on the domestic Riyadh exchange, offering up to 2% at an initial public offering (IPO). Valued at $1- to $2-trillion, an intended international listing was cancelled because of transparency concerns, security, and unproven reserves.