call lasted about half an hour and was, by conventional measures, underwhelming. Saudi Aramco, the world’s most profitable company, gave no guidance on capital spending. Its finance chief, Khalid al-Dabbagh, said that dividends must be “affordable”. He did not disclose where or when it might list its shares. The oil giant’s first such interaction with public investors on August 12th was still revealing. It showcased the firm’s evolution—and the forces that may impede it.
The numbers add new detail to the formidable portrait painted by Aramco’s first international bond prospectus in April. The $12bn issue’s success has revived plans to list 5% of Aramco’s shares. Muhammad bin Salman, Saudi Arabia’s crown prince, declared in 2016 that an initial public offering would value the company at more than $2trn, raising $100bn to invest in other sectors. It may come as soon as next year.
maggieNYT Hey Maggers or 'our girl Wendy' which ever you prefer. Pet names all being the same. What's the current stage of Evolution? Have you been making regular service appointments? qanon wwg1wga
qanon wwg1wga
Sundown how apt.
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