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Saudi Deputy Prince Says Considering IPO Of Saudi Aramco

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Rupert Hargreaves
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Saudi Arabia is considering listing shares in Saudi Aramco, the country’s state-owned oil producer according to The Economist. During his first on-the-record interview, on January 4th, with the newspaper, Muhammad bin Salman the kingdom’s deputy crown prince and power behind the throne of his father, King Salman, told The Economist that a decision regarding the future of Aramco will be taken in the next few months. “I believe it is in the interest of the Saudi market, and it is in the interest of Aramco,” he said.

“This is something that is being reviewed, and we believe a decision will be made over the next few months. Personally I’m enthusiastic about this step. I believe it is in the interest of the Saudi...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha