Saudi Press: Saudi Aramco's IPO is Important Events in History of Global Economy

الخميس 1441/4/15 هـ الموافق 2019/12/12 م واس
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Riyadh, December 12, 2019, SPA --Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper said in its editorial that the Aramco shares traded yesterday is a historic event and an important step for achieving the development goals of the Kingdom of Saudi Arabia's vision 2030, including the Financial Sector Development Program, through which the Kingdom of Saudi Arabia seeks to develop its financial market to be an attractive market for local and foreign investment. The paper added that many reports indicated that the IPO launched by Saudi Aramco is one of the most important events in the history of the global economy, as it's seen as the largest company in the world and it manages an oil reserve estimated at 265 billion barrels (15 percent of the global reserve) along with a gas reserve estimated at 288 trillion cubic feet and sells more than 100 million barrels of oil per day.
09:31 LOCAL TIME 06:31 GMT