Saudi Aramco valuation falls short of $2tn target
25
Nov
Lack of transparency and attacks on facilities have “dampened enthusiasm” for Saudi Aramco’s IPO, according to analysts.
![](http://www.sinoscs.com/wp-content/uploads/2019/11/Saudi-Aramco-valuation-falls-short-of-2tn-target-1024x380.jpg)
Drone attacks on Aramco’s Abqaiq crude processing facility and Khurais oil field in September 2019 raised the firm’s risk profile and contributed to a lower than expected valuation, according to business information company S&P Global Platts.