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As investment drive falters, Saudi milks Aramco ‘cash cow’

By Inquirer - 6 months ago
RIYADH, Saudi Arabia — A fresh offering of shares in Saudi Aramco, the Gulf kingdom’s largely state-owned oil behemoth, comes at a pivotal moment for sweeping economic reforms that have struggled to lure foreign investment. The sale of 1.545 billion shares, expected to begin trading next week, could fetch nearly $12 billion –- a short-term

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