Saudi Aramco share prices to be announced
Saudi Arabia says it will use the income from this public listing to diversify its economy.
It is one of the most eagerly awaited stock flotations in history, and Saudi Arabia is publishing the initial share price of its national oil company Aramco this week.
The announcement coincides with the meeting of oil producers’ bloc OPEC, of which Saudi Arabia is one of the key members.
But experts say the listing will fall short of the desired valuation.
Al Jazeera’s Osama Bin Javaid has more from OPEC headquarters in Vienna.
Published On 5 Dec 2019