Business
Saudi Aramco Offers Worry-Free Investing Options
The Saudi Arabian Oil Co. (Saudi Aramco) generously gave its private investors what was described as the “Golden Gimmick”. Now, it is throwing away signals for foreign capital again.
But Saudi Aramco is as complicated as it is alluring and attractive. If this oil giant were to have a holding company with 5% or so of its shares in the stock market, this cannot hide from investors. Prince Mohammed bin Salman estimated it to have a potential market value between $2 trillion and $2.5 trillion. This proposed float would be larger than supermajor BP or as valuable as ConocoPhillips and Italy’s ENI together.
But the company’s proposed initial public offering gained a series of serious questions about sovereign risks.
Find out what are these and why.
