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Saudi Arabia's Latest Trick To Boost Aramco Investment

OilPrice.com Tuesday, 19 November 2019
Saudi Arabia is doubling the leverage limits for loans that banks will extend to domestic retail investors who want to buy shares in the Kingdom’s oil giant Aramco in what would be the world’s largest initial public offering (IPO) ever. The central bank, the Saudi Arabian Monetary Authority (SAMA), has told banks that they can lend money to retail customers at a 2-to-1 ratio for every riyal they will invest in Saudi Aramco, compared to average leverage ratio limit for loans of 1-to-1, the chief executive officer of Samba Financial Group,…
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