Economy 52,861 Posted January 9, 2016 Share Posted January 9, 2016 http://www.bbc.com/news/business-35259190 Saudi Arabia is considering selling and privatizing the State owned Company "Aramco" in order to raise cash. With 265 Billion Barrels of reserves in Saudi Arabia controlled by a single company, and most of the reserves being cheap easy to get liquid oil, the Company would be worth over $1 Trillion which is twice as large as Apple ($533 Billion) currently the largest Private Company. The Saudi Prince says they may also consider only a partial privatization instead in which they sell only 20% to 40% of company in shares but will still be controlled by Government Link to post Share on other sites More sharing options...
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