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Saudi Arabia will make a final decision on selling its most precious asset in 2017
Tuesday, December 27, 2016 17:01
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The order from on high is loud and clear. Muhammad bin Salman, Saudi Arabia’s deputy crown prince, wants Saudi Aramco, the world’s biggest and most valuable oil company, to throw itself open to international investors with an initial public offering (IPO), possibly in 2018. In 2017 the prologue to that big event will be as intriguing as the IPO itself. The Aramco elite will resist lifting the veil of secrecy that shrouds the company. Other Saudi royals will object to any threat to the oil income that pours into their pockets. Prince Muhammad will seek to forge ahead nonetheless, and the size and scope of the IPO will be a good indicator of how much clout he has …. http://www.theworldin.com
Source: http://luismmx.blogspot.com/2016/12/saudi-arabia-will-make-final-decision.html
