Saudi Aramco IPO launched

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Limited IPO of Saudi Aramco, the world’s largest energy company, raises more questions than it answers. After several false starts and nearly four years on from when the Saudi Crown Prince Mohammed Bin Salman first went public with his plan to sell off a portion of the energy giant Saudi Aramco in an initial public offering (IPO), the sale of up to 3% of the company has received the go ahead. Shares will be listed domestically on the local Tadawul exchange with wealthy Saudi families┬ábeing encouraged to invest. Many questions remain, …