Aramco CEO Says Oil Tax Will Be Cut to Lure Investors to IPO

Updated on
  • Energy giant currently pays 85% tax rate to Saudi government
  • Fiscal regime will be aligned with other listed companies: CEO

Saudi Aramco CEO: Oil-Tax Rate Would Be Reduced for IPO

Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering -- potentially one of the largest in history -- more appealing to investors.

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