Analysis: Why It’s Risky to Invest in Saudi Aramco’s Climate Wreckage Sale

Read time: 4 mins

By Andy Rowell for Oil Change International

The board of the state-owned oil company of Saudi Arabia, known as Saudi Aramco, has given its final approval to proceed with its long awaited part privatization, otherwise known as an “Initial Public Offering” or IPO. It is predicted to the biggest IPO in history.

According to Bloomberg, the oil giant has been gauging market conditions and assessing feedback from potential key investors. The Saudi government is reportedly courting powerful anchor investors, including wealthy Gulf families, domestic pension funds, and regional sovereign wealth funds.

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