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Is privatization in the future of GCC countries?

from CFA Institute's Enterprising Investor

The idea of privatizing Saudi Aramco, the national hydrocarbons giant in Saudi Arabia, appears to have rekindled the privatization fire in the Middle East. While the announcement of what could theoretically be the largest initial public offering ever envisaged startled even seasoned market observers, its modalities and timeline remain unclear, as confirmed by the company’s chairman in a recent interview. more

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