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Saudi Arabia's Oil Wealth Is About to Get a Reality Check

  • Wood Mackenzie said to estimate valuation at $400 billion
  • Aramco IPO underpins Saudi Arabia’s economic overhaul
Bloomberg business news

Saudi Authorities Say Aramco Is Worth More Than $2T

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Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc.

The kingdom may have to settle for less. A lot less.