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Aramco IPO - The Start Of The Saudi Economy Overhaul?

Salih Yilmaz, Research Analyst, Bloomberg Intelligence

06-Dec-19 07:10

Aramco IPO - The Start Of The Saudi Economy Overhaul?

Saudi Aramco announced the final price of its IPO at 32 riyals per share (around USD8.50)] valuing the world’s most profitable company at 1.7 trillion dollars. It raised $25.6 billion as is now the world’s biggest IPO. This deal has been synonymous with Crown Prince Mohammed Bin Salman and his plans to reshape the nation, but at 1.5% of the firm, is it enough to get his ambitious plan to overhaul the economy back on track considering that he once wanted $100 billion?

Presented by: Roshan Kanesan


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Tags:  Saudi ArabiaSaudi AramcoIPOCrown Prince Mohammed Bin SalmanInvestments


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