XOM - Most Valuable Oil Company Aramco Considers Raising $50B Via Stock Sale | Benzinga
Saudi Arabia's plans to list more shares of Aramco, the world's most valuable oil company, have resurfaced.
The kingdom is reportedly considering selling up to $50 billion worth of shares, which could be the largest offering in capital market history.
Saudi Arabia has decided to host this offering on the Riyadh exchange to mitigate legal risks associated with international listings based on consultations with advisors.
The launch of these shares may occur before the year's end, Wall Street Journal reported, citing insiders.
Aramco has been in ...