Saudi Aramco, the world’s largest oil company, is about to make headlines again. In a surprise statement by Saudi Crown Prince Mohammed bin Salman during an interview at the Future Investment Initiative (FII), also called the “Davos in the Desert”, the crown prince claimed that there will be more shares of Aramco up for sale in the coming years. MBS’s statement was surprising not only for its content but also for its timing. While global stock exchanges are suffering, the Saudi crown prince is hinting at a potential multi-billion share sale. Analysts are still trying to understand the decision, with the oil and gas industry struggling as it is at the moment. But you can be sure that the hype around the oil giant’s next offering will now begin to build. The unexpected success of the Aramco IPO in 2019, bringing in a staggering $25.6 billion, will be fresh […]