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Nov 13, 2019

The Saudi Aramco IPO: It’s Good To Be Royal

2019-11-27T16:17:36+00:00November 13th, 2019|In the News|

The world’s largest ever share sale is officially underway as Saudi Aramco launched its long-awaited Initial Public Offering (IPO) earlier this month. In the coming days and weeks, there will be lots of headlines and analysis about the size of profits, valuation, corporate governance and politics (oil and otherwise) around the company. For those unfamiliar with Saudi Aramco, it is the state owned energy company of the Kingdom of Saudi Arabia. It is one of the world’s largest oil producers with enormous oil reserves (257 billion barrels) and is reportedly the world’s most profitable company.