No Saudi Aramco IPO? No problem, potentially, for Saudi Arabia’s investment dreams

No Saudi Aramco IPO? No problem, potentially, for Saudi Arabia’s investment dreams

The world’s largest initial public offering is on hiatus. The spending it was to enable may not be. Saudi Arabia planned to take its giant oil company, Saudi Aramco, to the public markets. It was to be the linchpin of a grand economic vision, generating billions of dollars to pay for future-proofing the kingdom’s economy, including huge investments in technology. It is now postponed, leaving a large funding shortfall. But Saudi Arabia is pursuing alternative…

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