Damascus-Sana
The lukewarm international reception of Saudi Aramco's IPO dealt a blow to Saudi Crown Prince Mohammed bin Salman and was an official announcement of the failure of his economic plans and his desperate attempts to change his image, which stigmatized the world public with blood and murder after the crimes and abuses he committed from the support and financing of terrorist organizations were revealed. In Syria and the region and its aggression on Yemen to the murder of Saudi journalist Jamal Khashoggi and prosecution of opponents of his policies.
Aramco's IPO failed to attract large foreign investors as Ibn Salman had planned due to fears of companies and businessmen to buy shares of the company.Also, the modest sums that Saudi Arabia will earn from the privatization of Aramco may not exceed, according to the British Daily Telegraph, covering the Saudi deficit for six months.
Daily Telegraph In an analysis by Ambrose Evans-Pritchard, Aramco's IPO would have no positive impact on Ibn Salman's economic plan or Vision 2030, calling it a “theatrical plan to break oil addiction and diversify everything from car factories to weapons production”. The Saudi regime resorted to scams to sell 1.5 percent of Aramco's shares on the local Tadawul bourse, doubling the leverage of banks to enable Saudi retail customers to buy shares.
The paper pointed out that foreign investors will not touch Aramco even after reducing its value from $ 2 trillion to $ 1.6 or $ 1.7 trillion because the theoretical oil reserves are not worth much these days because of the climate reaction and the avoidance of large wealth funds assets and the risks of litigation.
Other foreign newspapers and media outlets dealt with the failure of Aramco's IPO, with US magazine Foreign Policy suggesting that the company, which Salman has long boasted, would eventually be a local affair, with shares sold to Saudis and mutual funds in Saudi Arabia, the Middle East and elsewhere.
In turn, the British Financial Times saw that the hopes that Salman was pinning on the subscription of Aramco to polish the image of Saudi Arabia and its openness to the world were diminished after investors and businessmen opposed his plans, insisting that the company's offer in the stock markets to $ 2 trillion and did not get what he wanted.
The impact of the attacks on the Saudi Aramco oil company in eastern Saudi Arabia on the 14th of last September has become a clear threat to Ibn Salman's attempts to raise the valuation of the company to $ 2 trillion and makes this valuation high and illogical in light of the concerns of investors wishing to invest in the company's shares.
Experts and investors have confirmed that the initial offering of shares of Aramco, which has been exposed to attacks revealed vulnerabilities and serious weaknesses in the Saudi defense systems are doomed to failure despite the attempts of bin Salman to remedy the effects of those attacks by forcing wealthy Saudi families to buy the initial shares offered by the company in Try to build a picture of confidence in their stocks and assets.
The Saudi regime's crimes from supporting terrorism and terrorist organizations in Syria and the ongoing aggression against Yemen to the murder of Khashoggi and the pursuit of dissidents and the suppression of freedoms began to be received. Shadowed with blood on Ibn Salman.
Bassima Kenoun
