World’s Biggest IPO Tests Saudis’ Faith in Their Crown Prince
Mohammed bin Salman’s overhaul of the kingdom is in its fourth year and selling shares in the national oil giant is vital.
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Nawaf Abdel-Aziz has never put any money into the stock market before, but he says buying shares in the world’s most profitable company is a no-brainer.
The 29-year-old engineer from Riyadh is among the Saudi faithful waiting to get a piece of Crown Prince Mohammed bin Salman’s much vaunted—and delayed—sale of a stake in oil giant Aramco. The initial public offering, likely the biggest in history, is expected to get the green light in coming days.