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Will Aramco's push into green energy be selling point for IPO?
Whether 'greening' the world's largest oil company's offer will boost value is still an open question
Published Mon, Mar 6, 2017 · 09:50 PM
London
ARAMCO is the world's largest oil company, but when it sells shares next year its foray into renewables is what may lure investors who would otherwise be forced to stay away.
Saudi Arabian Oil Co, as it is formally called, is considering investments of as much as US$5 billion in renewable energy, part of the kingdom's effort to reduce the amount of oil feeding domestic energy needs.
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