26.07.2016 - Oil Market: American Frackers And Iran Are Ready To Spoil Saudi Arabia's Grand Plan
Saudi Arabia has a grand plan: sell shares of state-owned company Aramco to the public to finance its vision 2030, which will make its economy less dependent on oil. The success of Aramco’s IPO, which promises to be the biggest in history, relies heavily on the state of the oil and equity markets, at the time for the “road show”–the marketing of IPO. The higher the oil prices, the easier is to sell it to the institutional investors at a high price. “The actual IPO timeframe will also be subject to a number of external factors including equity market conditions, oil price outlook, and domestic capital market readiness,” Falih told a German newspaper back in January...............................................Full Article: Source
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