Aramco IPO: The world’s most valuable company and biggest climate polluter is going public | DW News

The Saudi Arabian state-owned oil company Aramco is expected to replace Apple as the most valuable publicly traded company as soon as it enters the stock exchange. After years of delay and amid new security threats posed by rival Iran, state oil giant Aramco is on the verge of going public. The move is set to raise huge amounts of money for the kingdom, which it says it wants to use to diversify an economy that until now has been almost exclusively based on oil.

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#Aramco #SaudiArabia #IPO