18 noiembrie 2019

Shrunken Aramco Listing Could Crimp Saudi Crown Prince’s Bigger Plans


Over the weekend, Saudi Arabia finally announced the terms of its hugely anticipated stock market listing of the most profitable company in the world, the oil giant Saudi Aramco. But the final price and size of the Aramco listing will be less than what Crown Prince Mohammed bin Salman long hoped for—and promised. On Sunday and Monday, Saudi officials canceled “roadshows”—pitch meetings with prospective investors—in Asia, Europe, and the United States. In the end, the vaunted coming-out party of [...]