From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Ar...
RIYADH - From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Aramco went online and to local banks on Sunday at the start of a long-delayed share sale for what could be the world’s biggest initial public offering.
Roadside billboards and shopping mall adverts hailing “Saudi Aramco, soon on Tadawul”, have for weeks been trailing the listing of the world’s most profitable company through a listing on Riyadh’s Tadawul bourse. Abdullah al-Faqeeh, a 29-year-old dentist, began saving to buy Aramco shares once de facto Saudi ruler Crown Prince Mohammed bin Salman announced the plans nearly four years ago.
Senior Muslim clerics, including royal court adviser Sheikh Abdullah al-Mutlaq, said investing in Aramco is permissible.
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