Saudi Arabia sweetens huge Aramco IPO with tax cut

Mar 27, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

JEDDAH, Saudi Arabia/RIYADH (Reuters) – Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale.