The Saudi Aramco IPO: What You Need to Know
Corbett • 11/09/2019 •
After years of teasing, the moment has finally arrived: Saudi Arabian Crown Prince Mohammed bin Salman (hereinafter dubbed “MbS” or “the Clown Prince”) has announced the Saudi government’s intention to float a stake in Saudi Aramco.
As you no doubt already know (because you watch New World Next Week every week, right?), the world’s largest oil company is set to go (partially) public in an Initial Public Offering (IPO) that will offer shares of the company on the Tadawul—Saudi Arabia’s domestic stock exchange—in December.
While this may seem like just another over-hyped economic non-event, the bigger truth is that it isn’t an economic event at all.
It’s a geopolitical event that will determine Saudi Arabia’s role in the coming New (Technocratic) World Order; it’s a financial event that reflects the perilous state of the global monetary order; and, if it doesn’t go well, it’s an event that threatens to collapse the Saudi government itself.
So get your pen and paper ready.
Here’s everything you need to know about the Saudi Aramco IPO but didn’t know to ask.
Get the inside skinny on the Aramco IPO and what it means for the coming shakedown of the global monetary order in this week’s edition of The Corbett Report Subscriber.
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Saudis Look to Make Aramco IPO a 'Friendly' Process for Investors, Palissy's Kapadia
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Tagged with: oil • saudi arabia