November 9, 2019

Investing in Aramco: Why I wouldn’t touch it – The curious case of Saudi’s trillion dollar oil company going to the market

At a time when the markets are starting to take in account governance and climate change as a risk, they are confronted with a record IPO of a very special company: Aramco. The Saudi Arabian Oil Company is Saudi’s public petroleum company. In 2018, the company had $336 billion of sales with a net income of $111 billion. The Kingdom of Saudi Arabia, with the second largest reserves of crude oil in the world, owns a 100% of Aramco. Read More

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