2019-11-24 14:04:58
To start, I have to admit that I was a non-believer in the initial public offering of Saudi Aramco. For years there have been many questions. Why would any government share such wealth with the world when it could retain all the profit for itself? Then came the issue of risk, an unavoidable factor in listing Aramco on an international stock exchange and opening its books to external auditors. Last but not least, many have wondered what would the government do with all the money raised from the IPO?