Aramco IPO to help Saudi economic shift from oil, says finance minister

will boost the kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure foreign capital, the finance minister said.

However, the listing has fallen short of Crown Prince Mohammed bin Salman's initial hopes for a larger flotation on a international exchange.

Good news for the planet, but let's not allow them to buy US property, ports, toll roads, etc.

It’s an oil company tho.

So, Saudi Arabia is saying “please invest in this thing that we think is going to be less important over time?” okay, then.

In other words, they’ve passed peak production, it’s all downhill from here, so they’re looking to take stupid investors for all they’re worth while they still can.

I don't trust SA.... PERIOD

To what sand?

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