A sign about Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company. Photo: Reuters
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Editorial by SCMP Editorial

Aramco to strike it rich with investors

  • Share sale by Saudi oil giant expected to raise up to US$40 billion despite global reaction to killing of journalist, drone attacks and climate worries

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A sign about Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company. Photo: Reuters
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Saudi Arabia is seeking commitments from friendly governments to shore up the proposed IPO of Saudi Aramco. Photo: Reuters

Chinese state firms mull up to US$10 billion investment in Saudi oil giant Aramco’s IPO

  • Silk Road Fund, Sinopec Group and China Investment Corp have held talks to buy into the IPO, say sources
  • Kirill Dmitriev, head of Russia’s sovereign wealth fund, says Aramco’s IPO is a ‘unique opportunity’
Topic |   IPO

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Saudi Arabia is seeking commitments from friendly governments to shore up the proposed IPO of Saudi Aramco. Photo: Reuters
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