BFM 89.9

HIGHLIGHTS 
Podcast  >  Morning Run  >  Morning Brief  >  Aramco IPO - The Start Of The Saudi Economy Overhaul?

Aramco IPO - The Start Of The Saudi Economy Overhaul?

Salih Yilmaz, Research Analyst, Bloomberg Intelligence

06-Dec-19 07:10

Aramco IPO - The Start Of The Saudi Economy Overhaul?

Saudi Aramco announced the final price of its IPO at 32 riyals per share (around USD8.50)] valuing the world’s most profitable company at 1.7 trillion dollars. It raised $25.6 billion as is now the world’s biggest IPO. This deal has been synonymous with Crown Prince Mohammed Bin Salman and his plans to reshape the nation, but at 1.5% of the firm, is it enough to get his ambitious plan to overhaul the economy back on track considering that he once wanted $100 billion?

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Investments

Tags:  Saudi Arabia,  Saudi Aramco,  IPO,  Crown Prince Mohammed Bin Salman, 


Latest Podcasts




Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Otter Barista's founder Eeyong Ho on building a robotic coffee business that has already served over 100,000 cups across 60+ locations.

12:00 PM

BBC World Service

This week on Science in Action, scientists have detected the largest black hole merger ever observed with LIGO picking up signals from two black holes colliding in a ‘violent’ spacetime event.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Matt Armitage and Ahmad Yazid join forces to talk about the sea, owning your own clone and the F1 movie!

2:00 PM

Ringgit & Sense

(REPEAT) Khairi Shahrin Arief bin Baki, Deputy CEO at CGS International discusses asset classes and investment strategies.

2:30 PM

The Property Show

(REPEAT) Entomologist Lim Say Piau and Regine Lim of the Malaysian Pest Management Association shares practical insights into how to address bed bugs.

3:00 PM

Best of The Bigger Picture

(REPEAT) Dr Khoo Ying Hooi, an Associate Professor of International Relations and Human Rights at Universiti Malaya (UM) joins the show to reflect on where we are today as a country, in terms of fighting for justice and protecting democracy.

4:00 PM

Best of Evening Edition

(REPEAT) This World Brain Day, we explore the mysteries of the brain, and celebrate what makes every person’s brain unique.

5:00 PM

BBC World Service

This episode of People Fixing The World looks at the efforts of groups in Portugal and how they plan to improve the society they're a part of.