Corporate Governance at Saudi Aramco
Since the announcement last year that shares of Saudi Aramco, the world’s largest oil company, would be up for sale, the media have been abuzz with speculation. Observers familiar with Saudi Arabia – not to mention the macroeconomic context – remain skeptical of the prospect of an imminent IPO.
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DUBAI – Since the announcement last year that Saudi Aramco, the world’s largest oil company and Saudi Arabia’s corporate crown jewel, would go public, the media have been abuzz with speculation – and not just about the company’s massive valuation. While the initial public offering is expected to happen in 2018, the timing – not to mention the approach the government will take – remains far from certain.