At a time when conversations about energy markets were focused on crude oil production freezes, pricing and bloated global inventories, Saudi Deputy Crown Prince Mohammed bin Salman grabbed the attention of oil industry watchers with news of a Saudi Aramco IPO of up to 5 percent.
The plan to sell shares in the oil giant, considered to have the world’s highest market capitalization, was discussed during a five-hour interview with Bloomberg.
Prince Mohammed also talked about prospects for boosting the Public Investment Fund to more than $2 trillion to spur expansion and reform of the energy resource-reliant Saudi economy.
In January, the prince surprised observers with news that Saudi Aramco was among state properties being eyed for privatization.
He told interviewers from The Economist he was enthusiastic about the prospects. He said, “I believe it is in the interest of the Saudi market, and it is in the interest of Aramco, and it is for the interest of more transparency, and to counter corruption, if any, that may be circling around Aramco.”
نستخدم ملفات الكوكيز لنسهل عليك استخدام مواقعنا الإلكترونية ونكيف المحتوى والإعلانات وفقا لمتطلباتك واحتياجاتك الخاصة، لتوفير ميزات وسائل التواصل الاجتماعية ولتحليل حركة المرور لدينا...اعرف أكثر