Saudi Arabia Plans To Diversify Away From Its Oil Business

Saudi Arabia estimates its giant state oil monopoly to be worth approximately $1.7 Trillion. Recently, Saudi Aramco publically declared that it will be selling around 1.5% of its 200 Billion shares in inequitable privatization for somewhere between 30 Riyals and 32 Riyals each. Aramco is a profitable company and thus, it could be worth 6–6.4… Continue reading Saudi Arabia Plans To Diversify Away From Its Oil Business