Saudi Arabia: Aramco board to decide on 'record IPO' listing - reports

W/S Officials and journalists outside Abqaiq oil facility
W/S Abqaiq oil facility
M/S Workers
W/S Abqaiq oil facility
W/S Abqaiq oil facility
W/S Abqaiq oil facility
M/S Abqaiq oil facility
C/U Abqaiq oil facility
M/S Officials with helmets
M/S Abqaiq oil facility
W/S Abqaiq oil facility
W/S Abqaiq oil facility
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W/S Abqaiq oil facility
M/S Abqaiq oil facility
W/S Khurais oil facility
W/S Khurais oil facility
M/S Khurais oil facility
W/S Khurais oil facility
M/S Khurais oil facility
W/S Workers at Khurais oil facility
W/S Khurais oil facility
M/S Saudi Aramco logo
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The board of Saudi Arabia's national oil company Saudi Aramco is reportedly expected to meet with advisors around October 17, and decide on listing between 1% and 2% of the company's shares at the Tadawul exchange in Riyadh by the end of November.
On Saturday, the press was invited to tour Aramco’s Abqaiq and Khurais oil facilities almost a month after they suffered considerable damage in a drone attack.
The initial public offering (IPO) for 2% of the company shares is expected to reach up to $40 billion (€36 billion), which some reports dub as "the biggest IPO on record."
The listing value suggests the oil company is targeting a total valuation of almost $2 trillion (€1.8 trillion), double that of Apple Inc.
Moreover, reports suggest that an international listing could follow in Tokyo in 2020 or 2021.