Saudi Aramco’s Trillion Dollar Mystery

It’s finally a go. After years of delays, Saudi Arabia’s oil giant Aramco—the world’s largest oil producer and the world’s most profitable company in any sector— announced on Sunday its intention to proceed with an initial public offering on the Saudi stock market. But Aramco still needs to clear one very important hurdle—its valuation. Saudi Aramco will issue the prospectus for the IPO later this week, on November 9, with the actual listing on the domestic Tadawul exchange expected to take place some time…