Possible float and sale of shares of ARAMCO?
http://www.economist.com/news/middle-east-and-africa/21685529-biggest-oil-all-saudi-arabia-considering-ipo-aramco-probably
3 replies (most recent on top)
The money invested in this company is going into a trust fund to invest in other companies.
What idiot thought that up?
Selling a bunch of money-losing assets and seawater filled oil fields to unsuspecting investors is a brilliant idea as long as you do it in Hong Kong or some other backwater market.
If it's such a great investment I wonder why the Saudis pull money out of it to invest somewhere else?
In the long term, this is a brilliant idea.