Monday, November 04, 2019

Will Aramco's IPO Succeed? I Inside Story


Saudi Arabia's crown jewel and the world's largest oil producing firm, Aramco, is now set to go public after several delays.

The initial public offering, or IPO, will be on the Saudi stock exchange. How much of the company's for sale and at what price, will be determined later.

Part of the Crown Prince's economic plans for the kingdom, the flotation aims to raise billions of dollars. But estimates of how much it might actually draw, vary widely. Mohammed Bin Salman wants a $2 trillion price tag, many bankers put it at $1.5 trillion.

But can ARAMCO's IPO satisfy his ambitions? And what, if any, are the risks?

Presenter: Dareen Abu Ghaida | Guests: Mohammed Cherkaoui, author and senior fellow at Al Jazeera Centre for Studies; Jeff Colgan, associate professor at Brown University and author of 'Petro-Aggression: When Oil Causes War'; Joseph Kechichian, senior fellow at King Faisal Center for Research and Islamic studies