3 ms·
Very much the Aramco IPO. Selling off a stake in that to buy non-correlated assets is a big step towards diversification.
by dmurray 7y ago
Very much the Aramco IPO. Selling off a stake in that to buy non-correlated assets is a big step towards diversification.
- nradov 7y agoThe Aramco IPO while huge only raised about $1200 per Saudi Arabian citizen. That's not going to keep them going very long.
- dmurray 7y agoI guess it's more correct to say the (partial) sale of Aramco is a major part of their diversification efforts, and the IPO is the first step in that. They wanted to sell more, and surely will if the price is right.