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.