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Reuters
Saudi Crown Prince Mohammed bin Salman insists $ 2 trillion on Aramco, although some bankers and sources close to the company believe the kingdom should bring the oil giant's target value to about $ 1.5 trillion, according to industrial and banking sources.
While Aramco resumes negotiations with the banks on an initial public offering, a source close to the company said its board of directors would meet later this week and that the company would be ready to start trading. a discussion about the value of Aramco was likely.
Saudi Aramco declined to comment. The Saudi government's press office did not respond to a request for comment from Reuters.
Prince Mohammed priced Aramco at $ 2 trillion in early 2016 when he first proposed to sell shares to diversify the kingdom's economy and reduce its dependence on oil.
A source close to Aramco and another source close to the IPO projects said the Crown Prince still retained the value, though some banks said it would be difficult to achieve. In the last three years, countries have redoubled their efforts to switch from fossil fuels to the fight against global warming, putting oil prices under pressure.
A gap in Aramco's valuations would hinder any sale of shares.
"If the market does not properly evaluate Aramco, they are in no hurry to go into an IPO," said the informed source of the IPO projects. "They can always differ."
"They have the right tools to maneuver and are not in a position of weakness to implement the initial public offering of Aramco's savings, unless a value that meets the objectives of the vision and national interests, "he said.
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