Saudi Aramco steps closer to IPO

The world's largest oil company is now a step closer to an initial public offering after authorities clear IPO prospectus.
Photo: FAYEZ NURELDINE/AFP / AFP
Photo: FAYEZ NURELDINE/AFP / AFP
BY RITZAU FINANS

Authorities in Saudi Arabia have approved the long-awaited initial public offering of the world's largest oil company, state-owned Saudi Aramco, according to an official statement.

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