Companies & Finance

Saudi Aramco becomes joint-stock company

Saudi Aramco was converted into a joint-stock company on 1 January in advance of its stock market listing later this year
By Staff reporter 8 January 2018 0 28998

Saudi Aramco was converted into a joint-stock company on 1 January in advance of its stock market listing later this year, according to a cabinet decree issued on Friday.

All local companies must become joint stock companies before they can list.