Posted inHong Kong, Middle East, Saudi Arabia, World

Average Saudis to bear brunt if Aramco overvalued

Saudi banks, institutional investors, and– most critically – average citizens will bear the brunt of any overvaluation of Saudi Aramco, the state-owned oil giant set to float shares on the national stock exchange next month. Crown Prince Mohammad bin Salman has long expressed his desire for a US$2 trillion valuation. Its fair value, analysts believe, […]