Eager Saudis prepare to snap up stakes in 'crown jewel' Aramco - Reuters:
“No voice is louder than that of the Aramco IPO, the largest IPO on earth,” declared Ahmed Al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world’s biggest initial public offering.
State oil giant Saudi Aramco began its repeatedly delayed share sale on Sunday, offering retail investors and institutions a stake in the world’s most profitable company through a listing on Riyadh’s Tadawul bourse.
Saudis clamouring to own part of the world’s top oil exporter can go online or to local banks, which have extended working hours to meet high expected demand during a sale process that runs until Nov. 28.
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