Posted on 11/04/2017 5:56:29 PM PDT by Eddie01
Saudi Arabia is expected to take a small portion of Saudi Aramco, which controls some of the world's largest oil reserves, public sometime in 2018.
While it is expected to list its shares on Saudi Arabia's own stock market, known as Tadawul, it's also expected to do what's known as a dual listing with another stock exchange internationally. When Saudi Aramco goes public, it is expected to be one of the world's most valuable companies.
[snip]
(Excerpt) Read more at latimes.com ...
Interesting how this plays out in light of the arrests.
There is an Independent article I out there I can not post that is much better than this LAT garbage, but at least they reported facts for a couple paragraphs before going typically negative.
One thing they have in common..they want to make radical changes ...and powers want to take them out
The clock is ticking on the current Saudi system - they know that oil is not going to be the solution to any and all of their problems going forward - shale oil drilling has ended that. They are in burn mode for the cash and assets they have, which while big, definitely has a limit.
Tick, Tick. Tick.
Couldn’t happen to a better set of people.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.