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Celebrity Bewarse
Username: Blazewada
Post Number: 25701
Registered: 08-2008
Posted From: 58.182.87.144
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Votes: 0 (Vote!) | | Posted on Wednesday, January 20, 2016 - 9:12 am: |
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The $1.5 trillion Saudi oil IPO isn't about money, it's about politics
In the first week of 2016, Saudi deputy crown prince Mohammed bin Salman, in an interview with the Economist, revealed that the Saudi government is considering selling shares in government-owned Saudi Aramco and/or its downstream assets through an IPO.
He indicated that a decision on the IPO and its details (e.g., what share, what price, what assets) would be forthcoming within a few months.
Observers have focused on the financial value of Saudi Aramco—~$1.5 trillion at the low end of the spectrum and as much as $20 trillion at its high end.
While these are awe-inspiring valuations, the IPO’s strategic value—in terms of the Saudi economy and its conflict with Iran and Russia—equals, perhaps even exceeds the IPO’s financial value to Saudi Arabia and its government.
http://www.businessinsider.com/saudi-oil-ipo-about-politics-2016-1?IR=T
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