Investors Uneasy About Aramco IPO as Gulf Risks Seen Dragging On
- Issues ‘don’t seem like they are going anytime soon:’ Tribeca
- Aramco is said to push ahead with IPO work after major attacks
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As Saudi Aramco presses on with plans to pitch its initial public offering to analysts, strikes on key oil facilities have heightened investor fears about the prospect of more attacks in the future.
“They are the best assets in the world but I have no interest in owning Aramco given the security risks,” said Ben Cleary, Asia chief executive officer at Tribeca Investment Partners Pty. “The issues in the Gulf don’t seem like they are going anytime soon.”