Wednesday, November 27, 2019

Forbes: Burned Saudi Investors Face More Malaise Ahead As Economy Craters

By SIMON CONSTABLE

Saudi Arabia is on track for a year of extremes.

On the one hand, the country is set to sell off a small stake in its state-owned oil company Aramco at a possible valuation of up to $1.7 trillion. That could make the IPO the largest ever if the proceeds hit more than $25 billion.

That may be the highlight of 2019 in Saudi, as most other economic signals look dire. Read more here.

Bob Waters, Public domain, via Wikimedia Commons


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