Analyst estimates Aramco tax cut lifts company’s value by $1trn

28 March 2017, Sweetcrude, Riyadh — Saudi Arabia’s decision to cut tax paid by national oil giant Saudi Aramco has increased its value by $1 trillion, an analyst estimated on Tuesday ahead of Aramco’s initial public offer of shares, expected to be the world’s largest. The government said on Monday it was cutting the tax […] More »