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Re: benfrankledger post# 4115

Sunday, 01/13/2019 2:32:44 PM

Sunday, January 13, 2019 2:32:44 PM

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READING/ Aramco (ARMCO) IPO for 2021,

$UWT $DWT Saudi Arabia is now planning its long-delayed Aramco (ARMCO)
IPO for 2021, undertaking a series of moves that may give more
transparency to potential investors.

The kingdom has released the results of an independent audit that
confirmed it controls more than 260B barrels in oil reserves and
announced that Aramco will issue bonds next quarter.

In order to tap the debt market,
the oil giant will need to release additional financial information.
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