Attacks on Saudi Aramco could impact Riyadh's privatization on company privatization
It is noted that the initial entry into the exchange (the so-called IPO) of the most profitable company in the world may turn out to be a record for the entire exchange history.
According to Energy Intelligence analysts, the capitalization of the national company Saudi Aramco is at least 1,7 trillion dollars.
It is noteworthy that access to the exchange (in fact, partial privatization of Saudi Aramco) for this Saudi company was planned earlier, but in the end the initiative was rejected every time. The barrier was the decision of Crown Prince Muhammad bin Salman, who declared "undervalued capitalization." Now, as French information sources write, "the prince" lights a green light. "
Saudi Aramco shares are expected to begin trading on the stock exchange before the end of this year. Experts are sure that the shares will diverge “like hot cakes”, as in Riyadh earlier announced dividends for investors at the level of 75 billion dollars a year. To such a tidbit, many want to add.
La Tribune quoted by Chinzia Bianco of the European Institute of International Relations:
We are talking about the Tadawul Stock Exchange in Saudi Arabia.
Against this background, experts wondered why Riyadh suddenly decided to abandon the statements regarding the "low capitalization indicators determined by international analysts." One version is that the Saudi authorities were affected by the famous attack on the Saudi Aramco refineries. The company lost billions of dollars as a result of that attack. And if not for this fact, it is unlikely that the Saudi authorities agreed with estimates of capitalization. In other words, after striking at the facilities of the national Saudi company, the country's authorities have become more accommodating.
In this case, the attack itself is beneficial to those large financial circles who have long dreamed of gaining control over part of the Saudi company. And in this regard, statements that Iran was behind the attack and that the attack was beneficial to him are extremely doubtful.
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