The Saudi Aramco IPO will be available for local Saudi investors to start bidding on the 17th November, although the exact size of the initial offering has not been confirmed. According to the official prospectus Saudi Aramco is going to offer its 73,000 employees $1 billion in shares and has been in talks with wealthy business leaders in the Kingdom discussing the purchasing of stocks. In other news, Saudi Arabia will be hosting what is pegged to be the world’s largest artificial intelligence forum in Riyadh on the 30-31 March 2020. The event will be focusing on the potential applications and impacts AI may have on societies, economies and politics.
To read about this and more of the week’s news from the Kingdom, click here.
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