PMT is currently getting hammered by the dozens. It looks like the company is closing down all expenditures and investments after hitting the brick wall of reality in regards to the rapidly shrinking possibility of a successful IPO.
50% reduction in currency reserves, debt from zero to 20+% of GDP in two years, and a domestic consumption of now 30%+ of all energy production seems to imply that the Saudis are in irreversable financial free-fall. They know it, and are in panic mode about it. Before this is over expats will be parking at the airport and leaving everything behind just to avoid the stampede.
The ME is a place where things can go south on a dime. The dime is in place.
Posted from @IF2wAWy-6Safe for being on point.