The Reading / Listening - Saudi Aramco IPO - Level 5

Saudi Aramco, the world's biggest oil producer, announced it will float its shares on the Saudi Stock Exchange. Financial analysts around the world anticipated this. It is exciting speculators worldwide. Saudi Aramco will allocate 0.5 per cent of its shares to individual investors. It could be the largest IPO (Initial Public Offering) in history. Investors with deep pockets have until December 4 to snap up shares in the world's most profitable company. The company is valued at up to $2.3 trillion. Its rival, the US oil giant Exxon Mobil, has a valuation of $300 billion.



Saudi Aramco's CEO told reporters that the company's IPO will help diversify Saudi Arabia's economy. Further share offerings may take place later on global stock exchanges. Saudi Arabia is heavily reliant on oil. It needs other areas of growth. The IPO is part of a plan to reform the kingdom's economy. This plan is the idea of Saudi's Crown Prince Mohammed bin Salman. He hopes it will boost many areas of the economy and society. The Crown Prince is heading the development of a range of non-oil industries, like healthcare, mining and tourism.

Try the same news story at these levels:

    Saudi Aramco IPO - Level 4 or  Saudi Aramco IPO - Level 6

Sources
  • https://www.cnbc.com/2019/11/09/saudi-aramco-ipo-prospectus-released.html
  • https://www.foxbusiness.com/markets/saudi-aramco-ipo-an-offer-too-good-to-refuse
  • https://www.reuters.com/article/us-saudi-aramco-ipo-retail/saudi-aramco-targets-sale-of-0-5-of-oil-firm-to-retail-investors-in-ipo-sources-idUSKBN1XJ0AW


Make sure you try all of the online activities for this reading and listening - There are dictations, multiple choice, drag and drop activities, crosswords, hangman, flash cards, matching activities and a whole lot more. Please enjoy :-)



Phrase Matching

Paragraph 1

  1. announced it will float
  2. It is exciting speculators
  3. It could be the largest IPO
  4. snap
  5. shares in the world's most
  6. The company is valued at up
  7. Its rival, the
  8. a valuation
  1. of $300 billion
  2. to $2.3 trillion
  3. up shares
  4. in history
  5. US oil giant
  6. worldwide
  7. profitable company
  8. its shares

Paragraph 2

  1. the company's IPO
  2. diversify Saudi Arabia's
  3. Further share offerings may
  4. global stock
  5. Saudi Arabia is heavily
  6. part of a plan to reform
  7. He hopes it will boost
  8. non-oil industries
  1. take place later
  2. the kingdom's economy
  3. exchanges
  4. like healthcare
  5. will help
  6. many areas
  7. reliant on oil
  8. economy

Listening — Listen and fill in the gaps

Saudi Aramco, the world's (1) ___________________, announced it will float its shares on the Saudi Stock Exchange. Financial (2) ___________________ world anticipated this. It is exciting speculators worldwide. Saudi Aramco will allocate 0.5 per cent of its shares (3) ___________________. It could be the largest IPO (Initial Public Offering) in history. Investors (4) ___________________ have until December 4 to snap up shares in the world's most profitable company. The (5) ___________________ at up to $2.3 trillion. Its rival, the (6) ___________________ Exxon Mobil, has a valuation of $300 billion.

Saudi Aramco's CEO (7) ___________________ the company's IPO will help diversify Saudi Arabia's economy. Further (8) ___________________ take place later on global stock exchanges. Saudi Arabia is heavily reliant on oil. It needs other (9) ___________________. The IPO is part of a plan to reform the kingdom's economy. This plan is (10) ___________________ Saudi's Crown Prince Mohammed bin Salman. He hopes it (11) ___________________ areas of the economy and society. The Crown Prince is heading the development of a (12) ___________________ industries, like healthcare, mining and tourism.

Put a slash (/) where the spaces are

SaudiAramco,theworld'sbiggestoilproducer,announceditwillfloatits
sharesontheSaudiStockExchange.Financialanalystsaroundtheworld
anticipatedthis.Itisexcitingspeculatorsworldwide.SaudiAramcowilla
llocate0.5percentofitssharestoindividualinvestors.Itcouldbethelarg
estIPO(InitialPublicOffering)inhistory.Investorswithdeeppocketsha
veuntilDecember4tosnapupsharesintheworld'smostprofitablecomp
any.Thecompanyisvaluedatupto$2.3trillion.Itsrival,theUSoilgiantE
xxonMobil,hasavaluationof$300billion.SaudiAramco'sCEOtoldrepor
tersthatthecompany'sIPOwillhelpdiversifySaudiArabia'seconomy.F
urthershareofferingsmaytakeplacelateronglobalstockexchanges.Sa
udiArabiaisheavilyreliantonoil.Itneedsotherareasofgrowth.TheIPOi
spartofaplantoreformthekingdom'seconomy.ThisplanistheideaofSa
udi'sCrownPrinceMohammedbinSalman.Hehopesitwillboostmanyar
easoftheeconomyandsociety.TheCrownPrinceisheadingthedevelop
mentofarangeofnon-oilindustries,likehealthcare,miningandtouris
m.

Student survey

Write five GOOD questions about this topic in the table. Do this in pairs. Each student must write the questions on his / her own paper. When you have finished, interview other students. Write down their answers.

(Please look at page 12 of the PDF to see a photocopiable example of this activity.)

Discussion — Write your own questions

STUDENT A’s QUESTIONS (Do not show these to student B)

(a) ________________

(b) ________________

(c) ________________

(d) ________________

(e) ________________

(f) ________________

(g) ________________

(h) ________________

STUDENT B’s QUESTIONS (Do not show these to student A)

(i) ________________

(j) ________________

(k) ________________

(l) ________________

(m) ________________

(n) ________________

(o) ________________

(p) ________________





Free writing

Write about this topic for 10 minutes. Comment on your partner’s paper.

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Answers

(Please check your answers against the article above.

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