British newspaper: Bin Salman faces a rebellion of investors and businessmen
11:25 - 21/11/2019
Information / Baghdad ..
Saudi Arabia's Crown Prince Mohammed bin Salman is facing a "rebellion", the first of its kind by investors and businessmen, the Financial Times reported on Thursday.
Saudi Crown Prince Mohammed bin Salman often does what he wants in the kingdom, so the mood in Riyadh was overshadowed by Saturday when he refused A group of investors and businessmen achieve what the Crown Prince aspires.
Bin Salman wanted Aramco, the Saudi state-owned oil company, to be worth $ 2 trillion in the stock market, but investors offered, saying Aramco could now be worth $ 1.7 trillion, but the crown prince's vision of the global public offering of the company as a symbol For Saudi Arabia's openness to the world, it has withered.
The newspaper said that it was expected that the global public offering of shares of the company about 100 billion dollars and not the 25 billion dollars expected to be achieved by the company's shares in local markets. The writer believes that offering 1.5 percent of the company's shares is only a small local adventure, not a revolution with global repercussions.
The initial concept of offering Aramco shares was not only to allow investment in the world's most profitable companies, but also to show that the kingdom was more liberal and transparent, but it did not. Done / 25