merchbank


Aramco is ready for its initial public offering in the second half of 2018

Aramco A Cornerstone Of Sovereign Creditworthiness

Saudi Arabian Oil Co. is ready for its initial public offering in the second half of 2018. Bloomberg published on Friday selected data from what it reported to be the company’s 1H17 IFRS financial statement. However, Saudi Aramco said in a statement these were “inaccurate”. If the reported data is accurate, BoAML’s experts make the following observations based on already published fiscal data.

Read More