Saudi Aramco's IPO could now fall short of becoming the world's largest © Saudi Aramco
Saudi Aramco's IPO could now fall short of becoming the world's largest © Saudi Aramco

Saudi Aramco valuation falls short of $2tn target

19 November 2019

Lack of transparency and attacks on facilities have “dampened enthusiasm” for Saudi Aramco’s IPO, according to analysts.

Drone attacks on Aramco’s Abqaiq crude processing facility and Khurais oil field in September 2019 raised the firm’s risk profile and contributed to a lower than expected valuation, according to business information company S&P Global Platts.

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