Funds expect Saudi Aramco to be valued around $1-1.5 trillion

READ MORE ON » Saudi Aramco | Saudi Arabia | MSCI | EFG Hermes | Deputy Crown Prince Mohammed bin Salman 

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DUBAI: Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalisation of $1 trillion to $1.5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday. 

The valuation of Aramco, the world's biggest oil firm, has been the focus of intense speculation since the Saudi government last year announced plans to sell up to 5 percent of it and list the shares in Riyadh and at least one forei .. 

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