U.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say - Bloomberg

U.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say - Bloomberg:

"Americans will have a chance to own shares in Saudi Arabia’s oil company, the nation’s energy minister said.

Saudi Energy Minister Khalid Al-Falih also said some investors have been slow to sign on to the reform plan proposed by Crown Prince Mohammed bin Salman because they are focused on dividends. “We are going to have to face that when we list Aramco and have a conversation about how much cash will be given to investors,” he said in a speech Saturday at the Massachusetts Institute of Technology.

The initial public offering of shares in Saudi Aramco is a cornerstone of the prince’s reform plan -- dubbed Vision 2030 -- to transform the nation’s economy and society. Saudi officials hope to raise as much as $100 billion by selling up to 5 percent of the company, valuing Aramco at $2 trillion."



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