How big is Saudi Amarco?

Rishikesh Gaikwad
/ Categories: Trending
How big is Saudi Amarco?

Saudi Amarco, thought to be the world’s most profitable company, is planning for an IPO. It is a state-owned company in Saudi Arabia. Last year, it earned a net income of US$111 billion. To put in comparison, it is twice the profit of Apple, which is the most profitable listed entity in the world. And more than the next 5 biggest international oil companies’ net profit combined. It pumped one in every eight barrels of crude oil last year.
The company wants to sell a 1.5 per cent stake, at around 90 billion riyals. This will give it a total market valuation of around US$1.5 trillion to US$1.7 trillion, making it the biggest listed company in the world by a huge margin. If we compare then it is bigger than the nominal GDP of the 14th biggest GDP nation, that is, Australia with US$1.42 trillion.
If the size of the company attracts you, you, as Indian investors, can also invest in this mega IPO via different modes. Few of them are- using the government’s remittance scheme, with which an Indian investor can invest up to US$250,000 internationally. Alternatively, you can buy mutual funds that have international exposure and intent to invest in Amarco.
 

Rate this article:
4.0

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

IPO Analysis29-Mar, 2024

Expert Speak29-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

Knowledge

General26-Mar, 2024

MF25-Mar, 2024

General18-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR