Saudi Aramco, the world’s largest oil company, has for the first time ever issued a bond prospectus to financial markets, shedding some light on its financial structure and management. By producing a prospectus the oil giant has provided an insight into the overall financial situation of Saudi Arabia, as around 70 percent of government revenues are linked at present to the oil giant. The insights produced are interesting, but the question remains whether Aramco will become an investor’s favorite in the near future. There is no doubt that financial analysts will be combing through the prospective in order to find information that may have been missed others. Oil and gas analysts will be eager to take advantage of the fresh insight into the taxes Aramco is paying to Saudi Arabia. Until now, there has been little transparency regarding the financial arrangements made between Aramco and the Saudi government. Claims […]