By: Charles Hollis

Charles Hollis is managing director of geopolitical risk firm Falanx Assynt. He is a former senior diplomat who served in the UK Foreign and Commonwealth Office where he held senior postings in Iran, Saudi Arabia, and Iraq.

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Despite its sky-high valuation, the Saudi Aramco IPO was no success

Despite its sky-high valuation, the Saudi Aramco IPO was no success

When Saudi Aramco launched its IPO on the Tadawul (the Saudi stock market) earlier this month, it quickly became the world’s most valuable listed company, with a valuation of $1.7 trillion. It is now worth more than the next five largest hydrocarbon companies — ExxonMobil, Total, Royal Dutch Shell, Chevron and BP — combined. Yet [...]

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By: Charles Hollis

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