Explained: Why Saudi Aramco’s stock market debut is a big deal?

Trading is expected to begin in December. Bankers on the transaction have told the Saudi government that investors are likely to value the company at about $1.5 trillion, The New York Times reported.

Saudi Aramco is an oil and natural gas giant that runs oilfields and natural gas fields across the kingdom and abroad

Saudi Arabia has finally approved the stock market debut of the giant state-owned oil producer, Saudi Aramco, probably the world’s most profitable business enterprise. This is expected to be the world’s biggest ever Initial Public Offering (IPO).