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.
2019-07-01 12:35:00 Monday ET
Apple releases the new iOS 13 smartphone features. These features include Dark Mode, Audio Share, Memoji, better privacy protection, smart photo collection,
2019-04-03 11:35:00 Wednesday ET
A Florida fintech group Fidelity Information Services initiates the largest $43 billion acquisition of the e-commerce payments processor Worldpay. Fidelity
2017-03-21 09:37:00 Tuesday ET
Trump and Xi meet in the most important summit on earth this year. Trump has promised to retaliate against China's currency misalignment, steel trade
2019-09-07 17:37:00 Saturday ET
Federal Reserve Chair Jerome Powell announces the monetary policy decision to lower the federal funds rate by a quarter point to 2%-2.25%. This interest rat
2022-11-05 11:32:00 Saturday ET
CEO overconfidence and corporate performance Malmendier and Tate (JFE 2008, JF 2005) argue that overconfident CEOs are more likely to initiate mergers an
2023-03-07 11:29:00 Tuesday ET
Former Bank of England Governor Mervyn King provides his deep substantive analysis of the Global Financial Crisis of 2008-2009. Mervyn King (2017) &nb