Saudi Aramco to unveil first results since IPO
A sign showing the logo of Saudi Arabia’s stock exchange bourse in the capital Riyadh. Oil giant Saudi Aramco dropped below its IPO price after Opec and its allies failed to clinch a deal over oil production cuts. – AFP pic, March 13, 2020.
SAUDI Aramco is expected to announce a drop in profits as it unveils on Monday its first annual results since its listing, as the energy giant grapples with sinking oil prices. The 2019 financial results follow an initial public offering on the domestic stock exchange in December, which raised a record US$29.4 billion from a sale of 1.75% of the company.
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