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IPFS News Link • Saudi Arabia

Saudi Banks May Lend To Saudi Investors So They Can Invest In Saudi Aramco

• by Tyler Durden

Aramco is the world's largest and most profitable company, and the heart of KSA's oil-dominated economy. For years, bankers in London, Hong Kong and NYC vied for the right to host the IPO.

But with the IPO apparently about to move forward next week, the prospectus is expected any minute now. That will shed some light on the trading venue and whether KSA is standing by its demands that Aramco debut at a valuation close to $2 trillion.

Whatever happens, the Saudi people will definitely benefit from the billions of dollars flooding into the oil firm's coffers. But exactly which form these benefits will take remains unclear.

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