Saudi Arabia announces IPO of world's most profitable company

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Saudi Arabia is moving forward with an initial public offering of Aramco, its huge state oil producer with a monopoly on Saudi oil

London Saudi Arabia is moving forward with an initial public offering of its huge state oil producer that could shatter records and give investors the chance to own a piece of the world's most profitable company.

The Capital Market Authority of Saudi Arabia said in a statement Sunday that it has approved an application to list shares in Saudi Aramco. It did not say when the highly-anticipated IPO would take place or give details on its size.Aramco has vast oil reserves and massive daily output. It holds a monopoly in Saudi Arabia, the world's largest exporter of crude oil.

 

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I think people are over looking this entire issue! Oil is not just used in fuel! Just to inform all of you! Plastic is made from oil, so I don’t see the market for oil crashing anytime soon! Oil has many more purposes than just fuel, so many of you might want to re-think

And the right multi-billionaire or two that comes along and grabs them all up could become quite the manipulator in this game.

SaudiArabia Saudi Arabia has monopoly on terrorism and oppression also to be precise oppression of women, forcing them to wear niqab with two slits to reveal only eyes, if that is not bad enough, then abeya more like a death shroud for the living, butchering Yemenis, no big deal

Think about it. Why would a private Saudi oil co. want to start selling shares to the public when it’s 100% a Monopoly? Owners want a way out because it’s going to crash.

What you see is this, sell now, cut and run on a dying business. In ten years the price of oil will drop because there will be too much on the market and not enough people driving cars that use gas. They sell now and take the profits leaving the buyers as the biggest losers

I only thought that it happens in the USA Monopoly

الأمم المتحدة توجه رسالة للمتظاهرين ارفعو شعارات لتدخل الأمم المتحدة بأوضاع العراق وحل الحكومه وتعديل الدستور واجرا انتخابات مبكره هذا الشعار الامم_المتحدة_انقذوا_العراق_من_غاز__cr_ضد_المتظاهرين The_United_Nations_saved_Iraq_from_CR_against_the_demonstrators

What about Syrian oil? You know, ypg terrorists and the United States do steal together and shamelessly..

😊

Who would buy these stocks? I doubt Suadi Arabia government is going to care what its “stockholders” think.

Ok now, I’m notda sharpest tool inda shed, worlds most profitable company on earth 4 sale, all this, shortly after US pulls out N Syria, Turks invade, now Russian forces in place, Iran is doing cartwheels of joy, clear path now to Israel, sounds like a BAD movie? Trump involved ?

They see the writing on the wall and know oil is on its way out, so time to sell to the suckers and cash in before it crashes.

Putting the oil control of the world in the hands of a select few private individuals, seems alright

And guess who is buying a bunch if it......

I would like to think the SEC is keep an eye on the tRump family acquisitions.

Guess who will be buying these stocks? Republican Senators!

The biggest 'company' ever🦄

Now people can buy stock and swim in money

Short, short baby.

Aramco's IPO will be less gigantic than promised.

Saudi Crown Prince approves Kick - off of Aramco 's IPO on Sunday.

Leave it in the ground

Great news $$$

Let the Chinese or Russians buy it.

A lot of money

Black gold is rising😊

I'm interested to hear more of this. ...

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