Riyadh – Mubasher: A report by Oil Price forecast that Chinese investors will largely contribute to the initial public offering (IPO) of the Saudi Arabian Oil Co, known globally as Saudi Aramco.
This expectation came on the back of Chinese and Saudi plans to establish a $20 billion investment fund, and the GCC country is ready to invest in Chinese yuan.
Aramco’s investments in production and capacity in the Chinese market will save the largest oil provider from any negative impacts of losing or weakening its market share in China.
Aramco’s large investments in China will allow Saudi Arabia to maintain a large share of its exports.
