Saudi Arabia’s state-owned oil giant, Saudi Aramco, is in talks with senior external banking and legal advisers over the sale of up to another US$50 billion worth of its shares, according to various reports last week, which would equate on current valuations to around another 2.5 percent of the company’s stock.
This would be in addition to the recent ‘transfer’ of 4 percent of the stock to the country’s Public Investment Fund. As with the initial plans of the Aramco board and Crown Prince Mohammed bin Salman (MbS)…The Fundamental Problems With Saudi Aramco's $50 Billion Stock Offering
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