Saudi Aramco officially announces its long-awaited IPO, the world's largest listing. Shares are set to begin trading in Saudi Arabia in December.
DUBAI—Saudi Arabian state oil giant Saudi Aramco secured regulatory approval to launch the world’s largest—and much delayed—initial public offering, nearly four years after Crown Prince Mohammed bin Salman first raised the idea.
Saudi Arabia’s Capital Market Authority said on Sunday its board had approved the company’s application for the registration and offering of a proportion of its shares.
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