International fund managers and institutional investors largely expect Saudi Aramco to be valued at up to USD$1.5 trillion in the IPO expected next year, according to a survey by investment bank EFG Hermes, with most experts disagreeing with Saudi officials who have said that Saudi Arabia’s oil giant is worth around US$2 trillion. Among the respondents in a survey by EFG Hermes carried out at an investment conference in Dubai, 39 percent expect the market to evaluate Aramco in the range of between US$1 trillion and US$1.5 trillion, Reuters reported on Monday. A total of 36 percent of respondents expect the valuation to be below US$1 trillion, while another 24 percent of fund managers see Saudi Aramco valued at more than US$1.5 trillion. Since the Saudis announced plans to sell 5 percent in their oil giant last year — saying the company could be worth the staggering US$2 trillion […]