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Why Saudi Arabia Wants To Sell More Of Its Oil Giant
By Cyril Widdershoven - Jan 28, 2021, 6:00 PM CST
Saudi Aramco, the world’s largest oil company, is about to make headlines again. In a surprise statement by Saudi Crown Prince Mohammed bin Salman during an interview at the Future Investment Initiative (FII), also called the “Davos in the Desert”, the crown prince claimed that there will be more shares of Aramco up for sale in the coming years. MBS’s statement was surprising not only for its content but also for its timing. While global stock exchanges are suffering, the Saudi crown prince is hinting at a potential multi-billion share sale. Analysts are still trying to understand the decision, with the oil and gas industry struggling as it is at the moment. But you can be sure that the hype around the oil giant’s next offering will now begin to build. The unexpected success of the Aramco IPO in 2019, bringing in a staggering $25.6 ....

Saudi Arabia , Ar Riya , United Kingdom , Cyril Widdershoven , Saudi Aramco , Investment Initiative , Biden Administration , Public Investment Fund , Saudi Crown Prince Mohammed , Future Investment Initiative , Giga Projects , Red Sea Islands , Crude Oil , சவுதி அரேபியா , ஆர் ரியா , ஒன்றுபட்டது கிஂக்டம் , சவுதி அரம்கோ , முதலீடு முயற்சி , பொது முதலீடு நிதி , சவுதி கிரீடம் ப்ரிந்ஸ் முகமது , எதிர்கால முதலீடு முயற்சி , கிகா ப்ராஜெக்ட்ஸ் , சிவப்பு கடல் தீவுகள் , கச்சா எண்ணெய் ,