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Saudi aramco will become a holding company

Release time:2016-04-29

According to Dow Jones Newswires, April 25, Saudi Arabia Deputy Crown Prince muhanmode·Ben·saleman said on Monday, the world's largest energy company, Saudi Arabia's national oil company (Saudi Aramco for short) will be transformed into listed subsidiaries of the holding company, market or between $ 2 trillion to 2.5 trillion US dollars. Salman told a television network Al Arabiya in Dubai, said in an interview, Aramco assets less than 5% will be in Saudi Arabia and may be United States jointly listed in other regions. The Prince briefly describes Saudi Aramco's plan, this is Saudi Arabia's oil-dependent economy into a more focused private-enterprise economy is part of the plan.







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