Funds expect Saudi Aramco to be valued around $1 trillion to $1.5 trillion

by Dramelin 4:30 AM 0 comments

Thirty-six percent expect a valuation below $1 trillion, and 24 percent a figure above $1.
5 trillion, the bank said.
Fund managers and institutional investors expect oil giant Saudi Aramco to have a market capitalization of $1 trillion to $1.
5 trillion when it sells shares to the public next year, a survey by regional investment bank EFG Hermes showed on Monday.
The EFG Hermes survey, conducted at an investment conference organized by the bank in Dubai, found 39 percent of respondents predicted the market would value Aramco at between $1 trillion and $1.
5 trillion.
Saudi officials have given no concrete indication of how they will decide these questions, so any estimate of Aramco`s value remains tentative.
Deputy Crown Prince Mohammed bin Salman, who oversees the kingdom`s economic policy, has said the sale is expected to value Aramco at $2 trillion or more, making it by the far the world`s largest initial public offer.