Monday June 1, 2020

Visionary or thug: would you buy oil shares from this man?

Crown Prince Mohammed bin Salman has high hopes for Aramco’s stock market listing, but potential investors may baulk at the idea of buying into one of the world’s most repressive states

17th November, 2019
A tank farm for crude oil and refined products in Ras Tanura, Saudi Arabia; inset: Saudi Crown Prince Mohammed bin SalmanGetty

The prospectus for the stock market listing of Saudi Arabia’s national oil company is an awesome document – all 658 pages of it. Then again, Saudi Aramco is an awesome thing. Not only is it the world’s biggest oil producer; it is the world’s most profitable company – it makes twice as much profit, roughly, as Apple, the world’s most valuable company.

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