Gap Fill - Saudi Aramco IPO - Level 4


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   biggest      development      economy      event      industries      kingdom's      largest      many      mining      part      place      profitable      reliant      rival      shares      shares      society      trillion      valuation      worldwide  
Saudi Aramco, the world's oil producer, will float its on the Saudi Stock Exchange. This anticipated is exciting speculators . Aramco will allocate 0.5 per cent of its to individual investors. It could be the ever IPO (Initial Public Offering). Investors have until December 4 to buy shares in the world's most company. It is valued at up to $2.3 . Its , Exxon Mobil, has a of $300 billion.

Saudi Aramco's CEO hopes the IPO will help diversify Saudi Arabia's . Further share offerings may take later worldwide. Saudi is heavily on oil. The IPO is of a plan from Saudi's Crown Prince Mohammed bin Salman to reform the economy. He hopes it will boost areas of the economy and . He is heading the of a range of non-oil , like healthcare, and tourism.

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