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Saudi Arabia was serious about offering a portion of Aramco's shares to a public offering on a global financial market , 2015. Saudi Arabia diversifies its economy without Aramco IPO
When Saudi Arabia confirmed early 2016 that it was planning to offer part of Aramco to the company. 39; public offer, investment banks have shown great interest in the event. Billions of barrels of proven oil reserves, worth about $ 8 trillion The current price of oil was about $ 30. At $ 70 a barrel now, the value of these reserves is over $ 18 trillion
A small percentage
If 5% of the shares of Aramco are offered for public subscription, the value of this part of the company will exceed $ 900 billion at current prices, placing Aramco first in the world
. One of the largest exchanges, with a second investment in the Saudi stock market "Tadawul".
Some believe that Aramco, if it wants to be traded on the New York, London or Hong Kong markets, should provide more information than it even has. revealed.
Others suggest that a small percentage of the shares will be placed on the Tadawul market, and will have to be small because the market value is just over $ 500 billion.
The kingdom issued bonds in April which attracted $ 52 billion for different terms. The Saudi government also plans to issue $ 8.7 billion in domestic bonds. Since the first issue in 2016, Saudi Arabia has sold international bonds worth $ 60 billion in four issues. The price of oil has more than doubled compared to that of Crown Prince Mohammed Salman, the Kingdom's financial position is much stronger and the Prince's goal of diversifying the Saudi economy can be achieved without giving up any of the jewel of the crown. So speak.
The Wall Street Journal noted that Saudi officials have been careful not to go into the details of the IPO process, to avoid any complications in dealing with banks and other advisers. who do not look forward to delays. All have been charged a minimum fee while waiting for the big payment when the subscription has been completed. [20159013] Saudi Arabia has sold $ 60 billion of international bonds since 2016.
