Saudi Aramco IPO

 Watch: https://www.youtube.com/watch?v=QIGC_bYqhB4

             https://www.youtube.com/watch?v=g5L297mtAFQ

Saudi Aramco, the world's biggest oil producer, has announced that it will float its shares on the Saudi Stock Exchange. The news has been much anticipated by financial analysts around the world. The flotation is causing a lot of excitement among speculators worldwide. Saudi Aramco will allocate up to 0.5 per cent of its shares to individual investors. Experts say it could be the largest IPO (Initial Public Offering) in history. Investors with deep pockets have between November 17 and December 4 to snap up shares in the world's most profitable company. The company is valued at up to $2.3 trillion. In comparison, its rival, the US oil giant Exxon Mobil, has a valuation of a mere $300 billion.

Saudi Aramco President and CEO Amin Nasser told the CNBC news agency last week that the company's IPO will help diversify Saudi Arabia's economy. Further share offerings may take place later on stock exchanges in Hong Kong, London, New York and Tokyo. Saudi Arabia is heavily reliant on oil and needs to seek alternative areas of growth. The IPO is part of an ambitious plan to reform the kingdom's economy called "Saudi Vision 2030". This is the brainchild of Saudi's Crown Prince Mohammed bin Salman. He hopes his initiative will revitalize many aspects of the economy and society. The Crown Prince is spearheading the development of a range of non-oil industries, like healthcare, mining and tourism.

1.Vocabulary

    Paragraph 1

      1.

float

a.

A person who carries out a detailed examination of something.

      2.

anticipated

b.

Offer the shares of a company for sale on the stock market for the first time.

      3.

analyst

c.

A person who invests in stocks, property, or other ventures in the hope of making a profit.

      4.

speculator

d.

Distribute resources or duties for a particular purpose.

      5.

allocate

e.

Regarded as probable; expected or predicted.

      6.

snap up

f.

A person or thing competing with another for the same aim or to be the best in the same field of activity.

      7.

rival

g.

Buy.

    Paragraph 2

      8.

diversify

h.

Dependent on someone or something.

      9.

reliant

i.

An idea or invention which is considered to be a particular person's creation.

      10.

alternative

j.

Branch out into a greater area with more options or possibilities.

      11.

ambitious

k.

Of one or more things available as another possibility.

      12.

brainchild

l.

An act or strategy intended to resolve a difficulty or improve a situation.

      13.

initiative

m.

Having or showing a strong desire and determination to succeed.

      14.

spearheading

n.

Leading a campaign or project.

 

2. SYNONYM MATCH: Match the following synonyms from the article.

  1. anticipated
  2. investors
  3. snap up
  4. rival
  5. valuation
  6. diversify
  7. reliant
  8. ambitious
  9. revitalize
  10. range
  1. branch out
  2. adversary
  3. variety
  4. expected
  5. buy
  6. challenging
  7. reinvigorate
  8. costing
  9. dependent
  10. backers

3.Role play

Role  A – Saudi Aramco
You think Saudi Aramco is the best company to buy shares in. Tell the others three reasons why. Tell them what is wrong with their companies. 

Role  B – Apple
You think Apple is the best company to buy shares in. Tell the others three reasons why. Tell them what is wrong with their companies.

Role  C – McDonald's
You think McDonald's is the best company to buy shares in. Tell the others three reasons why. Tell them what is wrong with their companies.

Role  D – Mastercard
You think Mastercard is the best company to buy shares in. Tell the others three reasons why. Tell them what is wrong with their companies. 

OR

  • Ferrari
  • Chanel
  • Amazon
  • Adidas

Discussion - Saudi Aramco IPO

  1. What do you know about Saudi Aramco?
  2. What do you think of oil companies?
  3. What do you think of shares?
  4. What exactly do financial analysts do?
  5. Have you ever speculated on anything?
  6. What companies would you like shares in?
  7. What is the best company in the world?
  8. What do you know about IPOs?
  9. How diversified is the economy of your country?
  10. How important are stock exchanges?
  11. What vision would you like your country to have?
  12. What aspects of your society would you like to revitalize?
  13. What are the most important industries for the future?
  14. What questions would you like to ask the company's CEO?

Spelling

Paragraph 1

  1. ndeoancnu that it will float its shares
  2. much anticipated by financial asnlasty
  3. among supocrtseal worldwide
  4. individual vorestsin
  5. the world's most petrioabfl company
  6. a noataiuvl of a mere $300 billion

Paragraph 2

  1. Saudi Arabia is heavily ntailer on oil
  2. seek ltaeaetnvri areas of growth
  3. part of an baioumtis plan
  4. He hopes his viiattniie will
  5. tvrezaeili many aspects of the economy
  6. danpesegaihr the development

 

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