As part of a plan for economic transformation unveiled by Saudi Arabia in April 2016, the Saudi government has said that it intends to raise capital by floating shares in state-owned oil company, Saudi Aramco (Reuters, Bloomberg, Financial Times, Financial Post). Only shares of Saudi Aramco's parent company, the Saudi Arabian Oil Company, will count. Recommended Questions: Will Iran's President Hassan Rouhani meet Saudi Arabia's King Salman bin Abdulaziz Al Saud before 1 September 2016? Will there be a new King of Saudi Arabia before 1 June 2016?