aramco

This deal could wind up becoming at least a kind of consolation prize for JPMorgan Chase, Morgan Stanley and other investment banks that had been advising Aramco on its public offering. These institutions had shifted to functioning on the Sabic transaction as soon as the I.P.O. was delayed. The share sale “will unlock important capital” for the fund’s investment tactic for contributing to “sectoral and income diversification of Saudi Arabia” the fund’s managing director, Yasir Al-Rumayyan, mentioned in a statement. In spite of issues over such domestic and international concerns other, quite a few authorities say that these fears will...