More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) last week. This idea was later confirmed by Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman (MbS).
Given how badly the first initial public offering (IPO) was received by international investors in the run-up to its eventual listing on 11 December 2019 and the draconian lengths that Saudi Arabia’s…Aramco’s New Stock Offering Looks Doomed From The Start
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