The first question I have is why are they going IPO...
I remember hearing something in the grapevine about 20 years ago. Saudi Arabia press the US for guarantees that we would help them if world went to an alternate fuel causing Oil prices to drop.
I wonder if we have reach that point (oil prices) because of alternate fuels and oil production in the US?
Is this causing Saudi Arabia to worry and diversify their portfolio?
MBS is spending big money in an attempt to diversify SAs economy. Getting access to more cash for his vision by selling a small part of Aramco is part of his plan.
more inclined to believe that their wells are going dry and they are trying to milk the american investors while they can...