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Saudi Aramco, World's Most Profitable Company, Will Make First Public Offering

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President and CEO of Saudi Aramco Amin Nasser and company chairman Yasir al-Rumayyan at a press conference in Dhahran, Saudi Arabia on Sunday. The privately-owned oil giant announced it will IPO next month.

The oil company said it will sell an unspecified number of shares on a Saudi Arabian exchange. Its valuation could be $1.5 trillion, and it may be the world's biggest IPO.

(Image credit: AFP via Getty Images)


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