Saudi Aramco
Saudi Arabia’s state-owned oil company is the biggest in the world. It’s being prepared for a mammoth stock market listing to raise money to help reduce the kingdom’s addiction to oil.
A small portion of Saudi Aramco will be listed as early as 2017, and the shares could trade on up to four markets: New York, London, Hong Kong and Saudi Arabia’s capital Riyadh.
China is Aramco’s biggest overseas customer, buying about 1.4 million barrels per day,
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Oil prices have seen a slight recovery over the past few months of 2016 after falling sharply from the peak that they reached in 2014.
Great opportunity for significant growth.