Saudi Arabia's `Win-Win-Win' Megadeal Is No Dead Cert for Aramco - Bloomberg:
When Saudi Arabia unveiled the $69 billion Aramco-Sabic deal on Wednesday, officials described it as a "win-win-win" that would bring rewards for the government, the giant oil company and the chemicals group.
The reality is likely to prove more prosaic.
The deal is a Plan B to raise money for the country’s economic agenda after the initial public offering of Aramco, slated for 2018, was postponed. In effect, Crown Prince Mohammed bin Salman is using the company’s pristine balance sheet to finance his ambitions.
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