Saudi Arabia: Challenges for "Vision 2030"

 To execute the IPO of Saudi Aramco in a successful and timely way, the Saudi government needs to deal appropriately with definite issues.
 These include claims that Saudi Aramco has been overvalued by Saudis; “concerns about minority shareholder rights, the transparency of oil reserves,” and “how the Saudi government will balance national interests and its duty to shareholders” ; meeting the New York Stock Exchange’s stringent transparency standards; and the possibility that a New York listing places the IPO at risk of being seized in lawsuits claiming Saudi Arabia’s involvement in 9/11 attacks.
Saudi Arabia’s Vision 2030, the strategic plan of Crown Prince Mohammed bin Salman (MBS) to boost the kingdom’s economy, is facing a major challenge. Its cornerstone — the opening up of the state-owned oil company Saudi Aramco to outside investors — is possibly being postponed by at least a year, to 2021. (by gatestoneinstitute.org)

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