a small part of the firm will initially be listed on the kingdom's domestic stock exchange armco is the most profitable company in the world making this public offering the largest ever the firm is the kingdom's primary revenue earner its fair taishan is intended to raise $100000000000.00 for economic reform spearheaded by crown prince mohammed bin sound man the saudi government has valued armco it 2 trillion dollars but some bankers say a figure near a one and a half trillion is more realistic the i.p.o. has been hindered by a series of delays from a loss of investor confidence over the murder of saudi journalist. to the drone attacks claimed by hoofy rebels on iran care facilities in september which harmed its crude output and knocked out 5 percent of the world's oil supply some a binge of aid reports. the world's most anticipated stock offering is happening after years of hype and several delays saudi aramco the world's largest oil producing firm is being listed under the double exchange in cheers are expected to be priced in december it's no ordinary oil company because the engi

saudi arabia after years of delay and despite new security threats posed by rival iran state oil giant armco is on the verge of going public the move should raise huge amounts of money for the kingdom which it wants to use to diversify an economy that is almost exclusively based on oil. after years of waiting saudi aramco the earth's biggest climate polluter and the world's most profitable company will offer investors a piece of the kingdom's price assets state own iran co accounts for 70 percent of saudi arabia's revenues the i.p.o. on the riyadh stock exchange could value the company a 2 trillion dollars and make around co worth nearly as much as apple and microsoft are together before us so we are on full i think we are proud of the listing of our ample it will increase our visibility internationally we are a very strong company by sharing a lot of information as required by any listed company that will be a lot of analysts that would review our data and compared it with other listed companies. around co accounts for 10 percent of the world's oil production and the company has the biggest

in my opinion the advent of national ip all of saudi arabia saudi armco will never see the light of day for 2 reasons one pair system question marks about diprivan of the service of saudi arabia the 2nd one is that is of. american litigation and anything to a $911.00 of course you can add now another factor which is the fact that the saudi oil in the us that he has become a horse stage to the whole earth is of yemen these are allies of iran and they have proven their reach when they are at that in the divestiture of way some of the oil infrastructure of saudi any real there is nothing to stop them at that king at galle and inflecting the same damage unless saudi arabia and the kids out for them and end the war in yemen and to build bridges of trust between them and iran these are the factors which have been affecting the ip or as a horn and will affect it now and in the future business has been forced to close a box square in the city suffers the 3rd major flooding in less than a week more on that let's cross to marion abbassi in our europe a new setter. you know a really remarkable sto

in my opinion the advent of national of saudi arabia saudi armco will never see the light of day for 2 reasons one para sistan question marks about diprivan reserves of saudi arabia the 2nd one is that is of. many can litigation and anything to a $911.00 of course you can add now another factor which is the fact that the saudi oil in the us that he has become a horse teach to the truth is of yemen these are allies of iran and they have proven their reach when they at that in the divestiture of way some of the oil infrastructure of saudi anywhere there is nothing to stop them at that king and gain and if electing the same damage unless saudi at abia that each is out for them and end the war in yemen and to build bridges of trust between them and iran b.s. out of the factors which have been f.x. being the i be or as a horn and will effect it now and in the future but do so and i thank you so much for giving us your analysis a project that. lebanon's former finance minister has withdrawn his name from contention to be the next prime minister mohammad safadi said it would have been diffi