After years of teasing, the moment has finally arrived: Saudi Arabian Crown Prince Mohammed bin Salman (hereinafter dubbed “MbS” or “the Clown Prince”) has announced the Saudi government’s intention to float a stake in Saudi Aramco.
As you no doubt already know (because you watch New World Next Week every week, right?), the world’s largest oil company is set to go (partially) public in an Initial Public Offering (IPO) that will offer shares of the company on the Tadawul—Saudi Arabia’s domestic stock exchange—in December.
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