The Saudi Arbian state owned oil company Aramco is expected to replace Apple as most valuable publicly traded company as soon as it enters the stock exchange.

After years of delay and amid new security threats posed by rival Iran, state oil giant Aramco is on the verge of going public. The move will raise huge amounts of money for the kingdom, which it wants to use to diversify the economy that until now has been almost exclusively based on oil.

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Associated Press 11 May 2020 11:44 CEST

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