Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

DUBAI (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year.

from Reuters: Top News http://uk.reuters.com/article/uk-saudi-aramco/saudi-arabia-converts-aramco-into-joint-stock-company-ahead-of-historic-ipo-idUKKBN1EU09Q?feedType=RSS&feedName=topNews