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Saudi Arabia kick-starts IPO of state-owned oil giant Aramco

Saudi Arabia’s giant state oil company Saudi Aramco has kick-started its stock market
debut. It said it will float on the domestic bourse, the Tadawul stock market, in what
could be the world’s largest IPO. Aramco — which pumps 10% of the world’s oil — offered
few specifics on the number of shares to be sold, the pricing, or even the date of launch.

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