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.