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Worlds biggest public offering: Saudi Aramco seeks $1.71 trn in valuation
November 17, 2019 | By Business-standard.com
business
The company is seeking to raise between $24 billion and $25.6 billion by selling a 1.5% stake, putting it close to Alibaba Group Holding Ltd.'s $25 billion deal
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Saudi Arabia put a preliminary valuation on its state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, short of the $2 trillion target set by Crown Prince Mohammed bin Salman in 2016. Aramco will mainly rely on local demand -- one third of
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