Thursday 1 February 2018

Decision day looms for Saudi Aramco | Arab News

Decision day looms for Saudi Aramco | Arab News:

"With so much at stake — the IPO is the centerpiece of the Vision 2030 strategy — and so many stakeholders — government, 65,000 employees and armies of advisers — it is not surprising that there is both a need to get the share sale right and a difference of opinion about how to do that. At the World Economic Forum (WEF) in Davos last week, Aramco was represented by its chairman and chief executive, as well as a number of senior executives, and a phalanx of actual or potential advisers. The debate about the company’s future was reflected in a series of background conversations, semi-official briefings and public statements. So what can we say with certainty about the IPO? Two things came across loud and clear."



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