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You may not know it, but Saudi Aramco is the company that controls and directs practically all the oil fields in Saudi Arabia. We’re talking about the largest company in the world, a corporation that controls the second largest oil reserves and 10% of global oil production. It’s a giant that’s worth almost $2 trillion in the market, and which can reap profits of more than $100 billion per year.
That is, Saudi Aramco is one of the few companies in the world, and perhaps the only one, whose internal decisions could alter the progress of the world economy. And now the Saudi government, led by Crown Prince Mohammed bin Salman, has decided to make it public. He started trading on December 11th, 2019. But… What exactly lies behind this company? Why has Saudi Arabia put its crown jewel on the market? How powerful is this giant exactly? We’ll tell you all about it in this video.
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