Aramco prices historic IPO but clouds Saudi Vision 2030

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Aramco prices historic IPO but clouds Saudi Vision 2030

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In this photo illustration the Saudi Arabian Oil Company (Saudi Aramco) logo is seen displayed on a smartphone. (Photo by Rafael Henrique / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Saudi Arabia has completed the largest IPO ever, the listing of its economic crown jewel, the oil producer Saudi Aramco. However, a deal sold almost entirely to local investors was a missed opportunity to secure international backing for crown prince Mohammed bin Salman’s Vision 2030 plan for the country, writes Sam Kerr.

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