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Saudi Aramco Confirms IPO Consideration

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Rupert Hargreaves
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Saudi Aramco has today confirmed that it is considering a public offering after The Economist published an interview yesterday with Muhammad bin Salman, Saudi Arabia's deputy crown prince, who revealed that a decision regarding the future of Aramco will be taken in the next few months.

As ValueWalk reported yesterday, during his first on-the-record interview, Muhammad bin Salman said that the future of Aramco is, "being reviewed, and we believe a decision will be made over the next few months." He went on to say that a public offering 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...

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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