Emerging Markets

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  • Oil price war confirms what investors feared about Saudi Aramco

    Oil price war confirms what investors feared about Saudi Aramco

    Saudi Aramco’s IPO last year was a historic event for the company and its owner, Saudi Arabia, but despite a record $29.4bn being raised at IPO, international investors stayed away. They had demanded that the shares offered a discount to other listed oil majors, in part because of the political risk associated with the company. The fact it is now a tool in Saudi Arabia’s oil price war with Russia will have vindicated many in their decision to sit out the deal.

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $bn No of issues Share %
1 16.15 79 7.88%
2 15.71 71 7.67%
3 11.99 99 5.85%
4 10.55 62 5.15%
5 10.28 38 5.02%

Middle East

Islamic Finance