Attacks may impact Saudi Aramco IPO valuation

The attacks came as Aramco, officially known as Saudi Arabian Oil Co, is speeding up preparations for an initial public offering.

DUBAI: Attacks on Saudi Arabia’s oil facilities may impact Aramco’s valuation but are unlikely to derail the kingdom’s plan to sell shares in the oil giant, according to the Eurasia Group.

“Crown Prince Mohammad bin Salman will push the company to demonstrate that it can effectively tackle terrorism or war challenges, ” analysts led by Ayham Kamel, head of Middle East and North Africa research at the Eurasia Group, said in a research report.