What Two Years of IPO Drama Reveals About Saudi Arabia's Future
What Two Years of IPO Drama Reveals About Saudi Arabia's Future
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A little over two years ago, Saudi Arabia revealed plans to IPO part of its huge state-owned national oil company, Saudi Aramco. With a potential valuation of $2 trillion dollars, the listing would have been the largest in history and a centerpiece of the Kingdom's efforts to reduce its reliance on oil income and open its economy to the wider world. But in recent weeks, there've been reports that the IPO has been put on ice. So what does this mean for Saudi Arabia's future? On this edition of Odd Lots, we speak to Ayham Kamel, head of Middle East and North Africa Research at Eurasia Group, about all things Saudi.
To contact the editor responsible for this story: Topher Forhecz at tforhecz@bloomberg.net
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