Fires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: Reuters

‘Impossible to proceed’ with Aramco IPO as investors fear ongoing attacks on Saudi oil facilities

  • Aramco officials are growing less optimistic about a rapid recovery in oil production, sources say
  • Analysts now see a US$1.5 trillion valuation for Aramco as more realistic, down from US$2 trillion as desired by Saudi Crown Prince Mohammed bin Salman
Topic |   IPO

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Fires burn in the distance after a drone strike by Yemen’s Iran-aligned Houthi group on Saudi company Aramco’s oil processing facilities, in Buqayq, Saudi Arabia, on Saturday. Photo: Reuters
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