Aramco against the world?

Author: IFLR Correspondent | Published: 5 Dec 2019

Aramco's planned IPO has proven quite the ending to a disappointing year for issuances following a lack of deals in Europe and, needless to say, the hauntingly bad flop that was WeWork.

A symbol of the country's move away from isolationism and increased engagement with foreign investors, it's been years in the making, and markets are still yet to see the actual deal.

The news of a possible Aramco offering first surfaced back in January 2016, nearly half a decade ago. Deputy Crown Prince Mohammed bin Salman stated his interest in selling...