Founded in 1933, Saudi Aramco is the owner of one of the world’s largest oil layer, containing 260 billion barrels—which is more than ten times the whole United Nations’oil reserves. In addition, oil companies have a natural gas reservoir 186 trillion cubic feet, making it the largest integrated oil and gas company in the world, ahead of other international oil companies.
The Saudi oil company is listed
Although the report of companies publicly traded in the financial markets have been around for quite some time, in early November, Saudi Arabia’s market regulator officially announced that the oil company will hold a domestic listing on the Riyadh stock exchange. As with all cities, Saudi oil company, the registration of several major banks acting as underwriters of the offering. In these banks is the main name, such as Goldman Sachs and US Bank.
It is estimated that the company will raise at least $ 25.6 billion, giving it a minimum market cap of $ 1. 6 trillion dollars. Market cover instant location, it serves as one of the world’s largest publicly traded companies and large national oil company.
The following country Saudi Arabia, the company is said to be planning an extra product in the year 2020 in New York, London, Hong Kong and SingSaudi oil company. Witness the world’s largest energy providers, the largest oil producer and the biggest investor-owned oil company, the public is expected to be considered as the largest initial public offering(IPO)in history.
IPO date is set for December 4, 2019. Saudi Aramco will be available for trading eToro once the appropriate liquidity available. Until then, you can add it to your attention. Once the market is open, it will be traded like any other market eToro. Oil company hopes to raise more than 25 billion USD of part of initial public offering, replacing the previous record set by Alibaba in 2014.
What is the oil company?
Saudi Aramco is a government-owned oil production company, which is estimated to be worth $ 2 trillion. Almost twice as much as Apple or Microsoft in market value, oil companies are also the most profitable company in the world. Revenue reached 111 billion dollars of net income in 2018. This is to try to Apple, Google and Exxon Mobil to get, combined.
What kind of influence the Saudi oil company stock?
As one of the largest oil group in the world, Saudi Aramco’s chart may be affected by various factors. For example, the global demand for oil could have a huge impact on the share price, as it will most likely be affected by changes in the price of oil.
Oil is a major part of the global economy, international political events, such as trade agreements, conflict, etc., also may produce fluctuations of the Saudi oil company stock.
Trade Saudi oil company in eToro
If you want to participate in this historic event, the online trading platform eToro will be the first in the world to enable its customers to invest in the Saudi oil company stock. In eToro, the inventory will be available through contracts for difference(CFDs), which means that you will be able to use leverage, and short orders.
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