Energy

4 reasons why analysts are cautious of Saudi Aramco’s IPO

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Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh on Sept. 15, 2019.

Fayez Nureldine | AFP | Getty Images

Saudi Aramco may have finally fired the starting pistol on its initial public offering (IPO), but some analysts still believe investors should think carefully before jumping on board.

The company, the most profitable in the world, announced Sunday that it’s planning to list on its local stock market, the Tadawul, in December.

But a lack of details on the listing, which eventually could be the largest on record, has left some analysts cold. And they believe there are plenty of reasons why international investors should be wary.

Lack of details

Aramco said Sunday…



Source cnbc.com

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