Saudi regulator approves Aramco share offering

The markets regulator "has issued its resolution approving the Saudi Arabian Oil Company (Saudi Aramco)... application for the registration and offering of part of its shares," it said in a statement on its website. The sale, which could value the company at up to $1.7 trillion, is the linchpin of Crown Prince Mohammed bin Salman's plan to revamp the economy and wean it off a decades-long dependence on oil.

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