Date: 3 months ago   Category: Markets

Saudi Arabia has decided not to reform economy


The authorities of Saudi Arabia have refused primary placement at the exchange of the five-percent equity stake of the world's largest oil company Saudi Aramco, Reuters with reference to sources in the oil and gas sector of the country writes. This transaction was a body of the global plan for reorganization of economy of the kingdom. According to the edition, the international financial consultants working on the IPO have been recalled by the authorities of Saudi Arabia some time ago. Officially it wasn't reported yet. Materials on teme00:01 — on July 18 zadnyuyusaudovsky Arabia has deceived Dali the whole world. The neftvozmozhny reason for refusal of the transaction is guilty is that the management of Saudi Aramco "has switched to acquisition of a strategic share" in the national petrochemical company Saudi Basic Industries Corporation (SABIC). Now 70 percent of her actions belong to the main sovereign fund of the kingdom, another 5,7 percent — to public foundation of social insurance. The transaction on sale at the exchange of five percent Saudi Aramco has been announced by the crown prince of the country Mahomed bin Salman in 2016. It had to become a body of the global program "Vision of 2030" for reforming of economy and public life of Saudi Arabia. The program includes also construction of the megacity of Neom on border with Egypt and Jordan. The authorities estimated package cost at 100 billion dollars, and all company entirely — at two trillion. The transaction was repeatedly transferred. About her cancellation has for the first time become possible it is known in the spring of 2018. It is more than important news in Film of Day Telegram-channel. Subscribe!

URL:




Today

just now

The Japanese director Kiyesi Kurosawa said that during the visit to Vladivostok he had an impression about Russians as about the closed and cold people. His words are transferred by RT. "When I was in...

just now

Germany completely stopped deliveries of arms to Saudi Arabia because of murder of the journalist Gamal Hashkudzhi in embassy of the country in Turkey. Rheinische Post with reference to the Ministry o...

just now

Eric Bailey from Chicago asked the subscribers to answer on Twitter a question that they had in 1998 that is not present in the 2018th any more. Users so were interested in this question that soon not...

just now

Poland can lose a considerable part of workers from Ukraine as Germany, the Czech Republic and Slovakia begin to entice them, the Rzeczpospolita newspaper writes. "The last chance to fight for workers...

just now

The Russian fighter wrestler and the Olympic champion Abdulrashid Sadulayev shared opinion on murder of the lieutenant of the National Guard of the Russian Federation in one of night clubs of Makhachk...

just now

The Apple corporation reduced production of new iPhones Xs, Xs Max and Xr. Writes The Wall Street Journal with reference to own sources about it. In a case reduction of plans happens to iPhone Xr for...

just now

Fighters of the Russian private military companies (PMC) and some veteran organizations appealed to the International Criminal Court with the requirement to excite investigation against organizers of...

just now

Most of the young population of North Korea to disloyally current leader of the country Kim Jong-un. The military who ran away from the DPRK in 2017 About Chkhon Son told about it, The Guardian tells....