- Shares are set to begin trading on the Saudi stock market in early December, while the IPO prospectus will likely be released on Nov. 10.
- The Capital Market Authority did not list a time frame or say how much Aramco (ARMCO) would sell, but sources told Reuters the oil giant could offer 1%-2% of its shares on the local bourse, raising as much $20B-$40B.
- Producing about one-tenth of the world's crude output, Saudi Aramco is the world's most profitable company, making $111B in net income in 2018.
- ETFs: KSA, FLSA