2019-12-13 09:32:00 Fri ET
stock market gold oil stock return s&p 500 asset market stabilization asset price fluctuations stocks bonds currencies commodities funds term spreads credit spreads fair value spreads asset investments
Saudi Aramco aims to initiate its fresh IPO in December 2019. Several investment banks indicate to the Saudi government that most investors may value the middle-east oil company at the target range of $1.5 trillion to $1.7 trillion. This current stock market valuation falls shorts of the prior $2 trillion benchmark that the crown prince Mohammed bin Salman anticipated in his first Saudi Aramco IPO announcement back in 2016.
As the most profitable state oil enterprise, Saudi Aramco is worth almost twice the equity valuation of Apple (which leads almost all U.S. public corporations in terms of stock market capitalization). Further, Saudi Aramco earns more than the overall net income of the other top international oil companies (ExxonMobil, Royal Dutch Shell, BP, and Chevron).
The prince expects to funnel the Saudi Aramco IPO proceeds into a new sovereign wealth fund that helps the middle-east kingdom wean the fragile Saudi economy off its long-run reliance on oil production. The sovereign wealth fund can empower Saudi Arabia to diversify across numerous new industries such as Internet search, mobile pay, artificial intelligence, robotic automation, semiconductor technology, and cloud computation etc. This diversification helps minimize the primary national security threat to Saudi Arabia.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-10-03 11:37:00 Wednesday ET
Fed Chair Jerome Powell sees a remarkably positive outlook for the U.S. economy right after the recent interest rate hike as of September 2018. He humbly su
2020-11-24 09:30:00 Tuesday ET
Many analytic business competitors can apply smart data science to support their distinctive capabilities and strategic advantages. Thomas Davenport and
2019-01-02 06:28:00 Wednesday ET
New York Fed CEO John Williams listens to sharp share price declines as part of the data-dependent interest rate policy. The Federal Reserve can respond to
2018-10-05 10:38:00 Friday ET
A 7-year $1.3 billion hedge fund manager Chelsea Brennan shares her investment advice. Her advice encompasses several steps toward better financial literacy
2018-10-07 13:39:00 Sunday ET
The U.S. greenback soars in value as the Federal Reserve continues its interest rate hike. With impressive service-sector data and non-farm payroll wage gro
2025-09-14 14:23:00 Sunday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund