Deals
Saudi Arabia Will Compromise on Valuation to Make Aramco IPO a Success
- Crown Prince gave go-ahead for share sale at Friday meeting
- Aramco considers boosting dividend again to win investors
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Saudi Arabia will compromise on valuation to ensure the initial public offering of Aramco is a success.
The Kingdom is ready to accept less than the $2 trillion Crown Prince Mohammed bin Salman has long insisted the state oil giant is worth. Bankers will instead target a valuation of $1.6 trillion to $1.8 trillion after the record share sale was given the green light by Prince Mohammed on Friday, according to people briefed on the matter.