saudi aramco

Saudi Aramco Finalizes IPO Options and Plans Global Expansion

By Rania El Gamal DHAHRAN, Saudi Arabia, May 10 – Saudi Arabia’s state-owned oil giant is finalizing options for its partial privatization and will present them to its Supreme Council soon, its chief executive said about the centerpiece of the kingdom’s efforts to overhaul its economy. The company has a huge team working on the

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The Economic Foundations for Privatizing Aramco

By Omar Al Ubaydli WEB EXCLUSIVE — Saudi Deputy Crown Prince Amir Muhammad bin Salman Al Saud recently proposed the privatization of the national oil company, Aramco. Many analysts’ initial reaction was that Saudi Arabia must be in dire straits if it is even considering—let alone actually implementing—such a policy. However, Prince Muhammad did actually

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