saudi Arabia aiming to achieve a US$2 trillion (1.6 trillion pounds) valuation.
RIYADH/LONDON/DUBAI: Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion (1.6 trillion pounds) valuation target.
The world's largest oil firm could announce plans next week to float a 1%-2% stake on the kingdom's Tadawul market before a possible international listing, launching an initiative that is central to Crown Prince Mohammed bin Salman's economic diversification drive.
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