Saudi Aramco: from 'Prosperity Well' to energy behemoth

Saudi Aramco: from 'Prosperity Well' to energy behemothFrom its beginnings in 1938 when it first struck oil with the aptly named “Prosperity Well”, Saudi Arabia’s energy giant Aramco has delivered unimaginable riches to the desert kingdom. Aramco’s plans to list on the Saudi stock exchange, in what could be the world’s largest IPO, represents a “historic moment” in the firm’s evolution, its chairman Yasir al-Rumayyan said Sunday. “Aramco will be a source of greater national pride and admiration.



Yahoo News – Latest News & Headlines