Bidding for 'milestone' sale of Aramco shares set for next week

State-owned Saudi oil giant said it will provide the final offer price on 5 December

Bidding for shares in the world’s most profitable company will start in one week, it has been announced. Saudi Aramco, the state-owned oil giant, said it plans to provide the final offer price, precise number and percentage of shares on 5 December.

Its prospectus, released on Saturday night, showed profits of $68.2bn (£53.3bn) for the first six months of this financial year, but did not include any indication of the value the Saudi government hopes to achieve.

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from The Guardian https://ift.tt/2NynwUQ

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