Monday 4 November 2019

Aramco Share Sale Sees Saudis Save Up for Bet - Bloomberg

Aramco Share Sale Sees Saudis Save Up for Bet - Bloomberg:

It’s the day so many Saudis have eagerly awaited.

The sale of shares in their national oil giant, Aramco, has been three years in the making and fraught with delays. The buzz in Riyadh is now not if, but when people can own a piece of the most profitable company on the planet. Provided, of course, they have the money.

“We knew it was a matter of time, so all the talk in the office was everybody save up, have some cash ready to go,” said Nosaibah Alrajhi, 30, who founded and runs a financial services company. “I have some cash ready.”

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