Saudi Aramco formally announced an IPO as part of the Crown Prince’s plan to reduce Saudi Arabia’s dependency on oil. How do the two correlate?
In: Economics
It doesn’t get SA to use less oil as much as it gets SA’s -economy- to be funded by “something else”.
And yes, current numbers indicate they’re selling **2%** of the company. Not only “not in control” share, but “we don’t even want to hear your opinion” share.
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