Wednesday January 29, 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.

For the past four years, Crown...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The cooperation and unanimity that prevailed in the EU when the nuclear deal was negotiated have disappeared, but offering Tehran a credible plan, independent of the US, is vital

Vincent Boland | 2 weeks ago

Ireland may be more successful than we give it credit for, with high levels of life expectancy, education and income, but we have a lot to learn from other countries in how to look after our citizens when it comes to the smaller issues that affect people’s day-to-day lives

Vincent Boland | 1 month ago

The company has given shareholders an exciting ride for a long time, but Tullow has never managed the challenge of shifting from small explorer to explorer-producer

Vincent Boland | 1 month ago