• Type in the correct tense of the verb in the spaces.
  • Click the button at the bottom to check your answers.
  • Press the "refresh" button on your browser to play again.

announce float anticipate cause allocate be have snap value have
tell diversify take be seek reform call hope revitalize spearhead
Saudi Aramco, the world's biggest oil producer, has that it will its shares on the Saudi Stock Exchange. The news has been much by financial analysts around the world. The flotation is a lot of excitement among speculators worldwide. Saudi Aramco will up to 0.5 per cent of its shares to individual investors. Experts say it could the largest IPO (Initial Public Offering) in history. Investors with deep pockets between November 17 and December 4 to up shares in the world's most profitable company. The company is at up to $2.3 trillion. In comparison, its rival, the US oil giant Exxon Mobil, a valuation of a mere $300 billion.

Saudi Aramco President and CEO Amin Nasser the CNBC news agency last week that the company's IPO will help Saudi Arabia's economy. Further share offerings may place later on stock exchanges in Hong Kong, London, New York and Tokyo. Saudi Arabia heavily reliant on oil and needs to alternative areas of growth. The IPO is part of an ambitious plan to the kingdom's economy "Saudi Vision 2030". This is the brainchild of Saudi's Crown Prince Mohammed bin Salman. He his initiative will many aspects of the economy and society. The Crown Prince is the development of a range of non-oil industries, like healthcare, mining and tourism.

Back to the Saudi Aramco IPO lesson.

Share this lesson

More Free Sites by Sean Banville

Online Activities