Here's an hilarious vanity project to make you chuckle on a dank December election day: Saudi Aramco valued at $2 trillion!
Yeah, right. The 2019 flotation flopperoo was one of the biggest damp squibs in corporate history. But MbS needed his face saving; so every sheikh and stooge across the ME has been required to buy a couple of shares at crazy prices on the Riyadh exchange. And $2tn it is!
2019 - what a year to choose to float a hydrocarbon producer. When the entire world decided "de-carb" is a Thing, and that joining the 'Adaptation' gravy train is the only game in town.