Saudi Aramco is reportedly considering an IPO for its trading unit as oil prices soar

Business Insider
May 17, 2022, 3:59 pm114 pts
Saudi Aramco's first-quarter profit soared as oil prices climbed. Hamad I Mohammed/Reuters Saudi Arabia's oil producer Aramco is weighing an IPO of its trading unit, Bloomberg reported Tuesday. Aramco Trading could fetch a valuation of more than $30 billion, said the report citing unnamed sources. Saudi…

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