Saudi Aramco Pursues $35 Billion Privatization Drive as Gulf War Tests Mideast Capital Flows
Updated
Updated · Bloomberg · May 18
Saudi Aramco Pursues $35 Billion Privatization Drive as Gulf War Tests Mideast Capital Flows
1 articles · Updated · Bloomberg · May 18
$35 billion is the scale of Saudi Aramco's new privatization drive, emerging as a marquee deal push in the latest reshuffling of Gulf capital priorities.
The effort comes just after the Gulf war began, when Wall Street executives started questioning whether Middle Eastern states will keep deploying money at post-pandemic boom levels.
Saudi Arabia's push sits alongside shifting dealmaking agendas in Abu Dhabi, Saudi Arabia and Qatar, underscoring how regional investors are reassessing where and how to put capital to work.
The broader issue for global finance is whether the Gulf's biggest state-backed investors sustain their recent role as major cross-border dealmakers or turn more cautious as the conflict unfolds.
As Gulf money pivots from Wall Street to Africa, which US industries face the biggest funding crisis?
Mideast funds are cutting back but just spent $24B on a media giant. What is their real post-war strategy?