That they're planning an IPO suggests that the Saudi government is strapped for cash to pay for social programs.
RE: WORLDS LARGEST OIL PRODUCING COMPANY – SAUDI ARAMCO
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WORLDS LARGEST OIL PRODUCING COMPANY – SAUDI ARAMCO
Yes, they had planned for IPO..... Try to follow the link.
https://www.brookings.edu/blog/markaz/2017/06/06/the-saudi-aramco-ipo-is-a-game-changer-for-the-saudi-economy/
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