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Aramco's IPO: A Pandora's Box for Saudi Arabia

Saudi Arabia's Deputy Crown Prince, Mohammad bin Salman, has reportedly embraced a report from the management-consulting firm of McKinsey and Company, entitled Vision 2030, as his blueprint for weaning the Saudi economy from oil and laying the foundations for a thriving private sector. In conjunction with this much-publicized initiative, he has also decided to sell a 5-10 percent stake in the country's national oil company, its crown jewel--Aramco--through an initial public offering (IPO).
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