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Saudi Arabia officially announced plans to launch an initial public offering for its state-owned oil company Saudi Aramco.
Officials say a domestic listing will happen in December, following by an international debut later.
“Our mission is to provide our shareholders with long-term value creation through crude oil price cycles by maintaining our pre-eminence in oil and gas production, capturing additional value across the hydrocarbon value chain and profitably growing our portfolio,” said Amin Nasser, president and CEO of Saudi Aramco.
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