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Saudi Arabia bulks up in Asia to boost appeal before oil IPO

Thursday, March 2, 2017 - 05:50

Mr al-Falih says the deals will "strengthen Saudi Aramco's equity story".


SAUDI Arabian Oil Co expanded its ownership of refineries and petrochemical plants in Indonesia and Malaysia with investments totalling US$13 billion, as it prepares for what may be the biggest ever initial public offering, by bulking up its business in Asia, its largest market.

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