Saudi Arabia has cleared another hurdle on its way to successfully launching Aramco’s initial public offering after MSCI granted it emerging market status in its latest review, Morningstar reports . MSCI’s managing director Sebastien Lieblich was quoted as saying “International investors were impressed by the speed of change in the accessibility of the Saudi Arabian equity market and the level of commitment that the Capital Market Authority and the Saudi Stock Exchange have demonstrated”. Lieblich went on to say that investors will now watch whether the current privatization drive in the Kingdom continues to offer lucrative investment opportunities. Undoubtedly, the cherry on the Saudi privatization pie will be the successful IPO of Aramco, the world’s largest oil company by reserves. Initially scheduled for the second half of 2018, the flotation, which many have called the biggest IPO in history, has been delayed until early 2019. There has been concern […]