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To: 2ndDivisionVet

Does Saudi Arabia have the cash to pay ?


14 posted on 06/13/2017 3:54:15 PM PDT by butlerweave
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To: butlerweave

Way, way more than enough. This deal is a drop in the Saudi money bucket.
Consider:
The world’s largest oil exporter known formally as the government-owned Saudi Arabian Oil Co. holds a concession to pump the kingdom’s oil and gas, and a stake in that business is what the Saudi government will sell in an Initial Public stock Offering (IPO) of “not far from 5 percent” of company shares in 2018. Analysts at Sanford C. Bernstein & Co. and Rystad Energy AS said that the IPO has a potential market value of more than $1 trillion.
The bottom line is that the minute Saudi Oil goes public, it becomes the richest publicly traded company on the planet, surpassing Apple, Alphabet (Google), Microsoft, Amazon and Facebook.


16 posted on 06/13/2017 6:07:27 PM PDT by Nero Germanicus
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