Aramco IPO talk has message for Saudi state firms | The National:
"Is it worth US$781 billion, as McKinsey suggested in 2005? Bloomberg put the firm’s value at $2.5 trillion, while the former Saudi petroleum adviser Mohammed Al Sabban has suggested more than $10tn.
But whatever the number, the suggestion that part of the giant state oil firm Saudi Aramco might be privatised has triggered a mix of surprise, speculation and scepticism.
The deputy crown prince Mohammed bin Salman first mentioned the idea of listing a minority stake during an interview with The Economist. But investment bankers salivating over the deal, and analysts rushing to value it, should probably take a cold shower."
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