Banks offer Saudi Aramco valuations between $1.1trn and $2.5trn

16 banks each gave an Aramco valuation, and few seem to agree, with a $1.4trn spread from lowest to highest

Saudi Aramco, Mbs, Mohammed bin salman, Ipo

Saudi Aramco's IPO has been a focal point of the industry for years. After many delays, book-building has finally begun, but banks cannot seem to agree on a valuation for the world's biggest oil company, Bloomberg reported.

Crown Prince Mohammed bin Salman places Aramco's valuation at $2trn, but 16 banks which determined valuation figures for Aramco did not come to a consensus; valuations ranged from $1.1trn to $2.5trn.

According to people close to the listing, the crown prince is willing to accept a valuation betwen $1.6trn and $1.8trn. The average valuation from banks was $1.75trn.

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Oil & Gas Middle East - November 2019

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