Saudi Arabia still faces investor unease amid Aramco bond rush | Financial Times:
Saudi Arabia got the cold shoulder from global finance last year when the killing of journalist Jamal Khashoggi tarnished crown prince Mohammed bin Salman’s wish to be seen as a business-friendly reformer.
Scores of business names, including JPMorgan chief executive Jamie Dimon, pulled out of a Saudi-organised event dubbed “Davos in the desert” soon after Khashoggi’s death.
So Tuesday’s record-breaking order book for the debut $12bn bond issue from state-owned oil company Saudi Aramco — with JPMorgan as one of the co-ordinators — has been greeted in the kingdom as a waypoint in Riyadh’s route back to international credibility.
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