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Financial Times: Saudi Arabia forces rich families to invest in Aramco

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Financial Times: Saudi Arabia forces rich families to invest in Aramco Empty Financial Times: Saudi Arabia forces rich families to invest in Aramco

Post by rocky on Fri 20 Sep 2019, 2:53 am

[size=35][size=35]Financial Times: Saudi Arabia forces rich families to invest in Aramco[/size]

International


2019-09-20 | 03:39
Financial Times: Saudi Arabia forces rich families to invest in Aramco Doc-P-319022-637045620538887077



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[size=18]Saudi Arabia is forcing rich families to invest in the upcoming Aramco IPO, the Financial Times reported on Friday.


The kingdom is pressuring wealthy families to buy the initial stakes to be offered by Saudi Aramco so that the kingdom can reach a $ 2 trillion in full assets, Crown [url=https://www.alsumaria.tv/Entity/137217/%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1 %D9%85%D8%AD%D9%85%D8%AF %D8%A8%D9%86 %D8%B3%D9%84%D9%85%D8%A7%D9%86/ar/]Prince Mohammed bin Salman[/url] said earlier.







The newspaper quoted eight people close to the negotiations between the Saudi government and some Saudi families known as wealthy as saying that the aim of pressuring these families to buy stakes in Aramco once put on the world stock markets is to build a picture of confidence in the shares and assets of the company, which was affected recently by the attack on Two establishments affiliated to it east of the country.

The report said many of these families were subjected to detention of prominent members of their children for periods at the [url=https://www.alsumaria.tv/Entity/137281/%D8%B1%D9%8A%D8%AA%D8%B2 %D9%83%D8%A7%D8%B1%D9%84%D8%AA%D9%88%D9%86/ar/]Ritz-Carlton[/url] Hotel in the capital Riyadh in 2017 and 2018 in what the Kingdom called a "crackdown on corruption."


https://www.alsumaria.tv/news/%D8%AF%D9%88%D9%84%D9%8A%D8%A7%D8%AA/319022/%D9%81%D8%A7%D9%8A%D9%86%D9%86%D8%B4%D8%A7%D9%84-%D8%AA%D8%A7%D9%8A%D9%85%D8%B2-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AC%D8%A8%D8%B1-%D8%B9%D8%A7%D8%A6%D9%84%D8%A7%D8%AA-%D8%BA%D9%86%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA
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    Current date/time is Sun 20 Oct 2019, 5:08 pm