Saudi Aramco Confirms IPO Consideration

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Rupert Hargreaves
Published on
Updated on

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…

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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 ValueWalk