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Saudi newspaper retracts report on Aramco stake sale

Published 12/26/2016, 03:20 AM
Saudi newspaper retracts report on Aramco stake sale
KSA
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  • Major Saudi Arabian newspaper al-Eqtisadiah has retracted a report that said Saudi Aramco planned to sell 49% of its shares over the next 10 years.
  • It was "completely wrong and far from reality" and not based on a verified source, the newspaper said, apologizing for the mistake.
  • The company aims to sell some of its shares in 2018 in what could be the world's biggest IPO. Aramco CEO Amin Nasser said in October a flotation of up to 5% was being considered.
  • ETFs: KSA


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