Saudi Aramco Value Questioned Amid Government Reshuffling

Saudi Aramco's value is questioned as an IPO is around the corner and government changes make headlines.

May 7, 2016 was a monumental day for Saudi Arabia. Over 50 royal decrees were issued, among them replacing the nation’s oil minister and reshuffling governmental responsibilities, as well as replacing the central bank chief. The moves come as the initial public offering of oil giant Aramco gained speed amidst questioning Saudi Aramco value at $2.5 trillion.

Saudi Arabia makes massive changes in sweeping royal decrees

The recent changes in Saudi Arabia, described by the UK Telegraph as “a profound shake-up of the kingdom’s energy strategy,”...