UNITED STATES, WASHINGTON (OBSERVATORY VIDEO) — Saudi Arabia’s crown jewel and the world’s largest oil producing firm, Aramco, is now set to go public after several delays.
The initial public offering, or IPO, will be on the Saudi stock exchange. How much of the company’s for sale and at what price, will be determined later.
Part of the Crown Prince’s economic plans for the kingdom, the flotation aims to raise billions of dollars.
But estimates of how much it might actually draw, vary widely.
Mohammed Bin Salman wants a $2 trillion price tag, many bankers put it at $1.5 trillion.
But can ARAMCO’s IPO satisfy his ambitions?
And what, if any, are the risks?
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS VIDEO from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
OBSERVATORY NEWS VIDEO — Breaking news source, real-time coverage of the world’s events, life, politics, money, business, finance, economy, markets, war and conflict zones.
Contact us: [email protected]
We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.