Saudi Aramco: The Company and the State

For the past two years, Saudi Arabia has prepared to place its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges and global banks. It seemed like a great idea that the world's largest oil producing company, valued at $2 trillion, would become the world's largest ever traded stock.
There are many companies in the world which move and shake markets but perhaps no other organization essential to running a country. Aramco is unique and it runs no ordinary country. Saudi Arabia plays a key role in moving global oil prices. The oil market affects everyone on the planet directly or indirectly. Oil prices have developed and destroyed economies - Sudan and Venezuela being the most recent examples. So that company shedding its cloak of secrecy and deciding to go public is a huge deal. Specially for Saudi Arabia which is run by a monarchy and its affairs cannot be publicly evaluated or scrutinized.
The proposed listing of the national champion was a central part of the young Crown Prince Mohammed bin Salman's Vision 2030, a reform drive aimed at restructuring the kingdom's economy and reducing its dependence on oil revenue.
"I think there was a strong case for the IPO and there still is for the selling of a stake of Saudi Aramco and there are lots of reasons for it," explains Jim Krane, an energy researcher at Rice University’s Baker Institute for Public Policy. While Saudi Arabia, like other Gulf states have been trying to move away their economies from oil dependency for years, "the specter of climate action has finally made the Saudis get serious about it. And really the only way to diversify is through Aramco and Aramco is the source of revenues that the Saudi state needs to build other economic sectors."
The Kingdom holds about 16 percent of the world’s oil reserves and is the largest exporter of petroleum among OPEC countries. Nearly half of the country's GDP comes from oil and Aramco itself employs 65,000 people.
The concerns about radical changes in strategy put a spanner in the works for Saudi Aramco's public listing. For the first time in its history, an IPO would bring full public disclosure of Aramco's financial details, a feat that has never been made public.
"Probably the biggest downside is the transparency that would have resulted around Saudi oil reserves," says Krane, a number that doesn't move beyond 260 billion barrels. "If Saudi Aramco would have listed shares on the NYSE or the London stock exchange, the regulators would have forced Saudi Arabia to come clean on all of its reserves, how much of that is proven probable or otherwise."
A lot has changed since Mohammed bin Salman's international public relations drive such as the imprisonment of top Saudi businessmen, the murde r of journalist Jamal Khashoggi, the continued wa r on Yemen, and the Saudi-led blockade on neighbouring Qatar. That has resulted in a flight of capital, reduced foreign investment, increased Saudi borrowing and a halt on Saudi Aramco's IPO.
This is not the first time reforms have been promised in Saudi Arabia. "In many ways, Mohammed bin Salman resembles his grandfather Abdul Aziz al-Saud," according to Chas Freeman, former US Ambassador to Saudi Arabia. The late leader united the country "with tribal marriages...conducted a wa r in the Saudi south, which took land from Yemen...suppressed religious uprisings and it worked." Whether his grandson's current ambitions will work is "unknown," says Freeman.
Aramco owns the largest refinery in the US, Motiva, and hundreds of facilities across the globe and funds universities, think-tanks, lobbying firms and controls a vast media empire. That money shapes policy and perceptions while also covering up criticism of the kingdom.
Saudi Aramco's failure to launch and a young leader's stumble from one crisis to another are directly linked. There is an urgency to rush into things but also a lack of experience. "That is really like planning for the growth of a nation, not the exit of an IPO," says Chad Brownstein, a hydrocarbon investment analyst and CEO of Rocky Mountain Resources. "And the growth of a nation takes a lot more planning than a couple of months."
Saudi Aramco: The Company and the State examines the reasons behind the ambitious offering, the politics of Saudi oil, the strategic importance of Aramco, a faulty evaluation, the challenges of transparency and what it means for an ambitious Prince's 'Vision 2030'.
Filmmaker: Osama bin Javaid
Camera: Sherein Emam, Bobby Gunawan
Editor: George Joseph
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#AlJazeeraEnglish #Aramco #SaudiArabia

[@danys.4121]

It's hard to say that the company belongs to the public when the whole state is owned by one family.

[@blissetmizz]

@Computer User Your sentence states something true and the same probably happens for what Dany S. said. But, your sentence is irrelevant here because it has nothing to do with what Dany S said, nor the doc..it's just a what about something; it doesn't add up or diminishes what Dany S. said

[@haifa1400]

The money that comes out of aramco who is “owned by one family” comes back to the people. comes back in free education(with monthly salaries of 260 dollars to help the students), free health care, free scholarships abroad with full paid expenses (tickets, health insurance and monthly salaries of 1214 dollars to help the students abroad), helping programs for the unemployed , the disabled, the orphans, the soldiers etc... so yeah its really belongs to the people. On top of all that taxes are only 5% something you will never even dream of as a westerner.

[@IsaacRizard]

@@haifa1400 In business term, that's investment. Glad that you're well-off with a little given. The House of Saud appreciates your naivety.

[@stevensonlots8439]

@@blissetmizz He's basically pointing out there's no documentary or as much coverage of the US being basically owned by a few families yet there's much hoopla about the Saudis being like that. He's pointing out the double standards. Now obviously he didn't say it the way I just did but if you look at the big picture and how the world seems to have tunnel vision, that's what he means and he's right. USA does 'A' and it's good but Saudis do 'A' and it's bad. Lots of bs indeed.

[@abdul-azizmusa2990]

THEIR COUNTRY THEIR RIGHT. JUST AS THE QUEEN OF ENGLAND AND ALL SO CALLED EUROPEAN ROYALTY OWNS EVERYTHING.

[@mohammedalikhan2979]

Am proud.. I was an employee of Saudi Aramco.. 👍

[@rh81454]

Congratulations. As an American I admire that company very much because of the Saudi business minded leadership. Do they hire Americans by any chance?

[@mohammedalikhan2979]

@@rh81454 Of course yes... Many Americans are employed... ARAMCO means ARab AMerican COmpany..

[@rh81454]

@@mohammedalikhan2979 ooops! lol

[@WalasticRiders]

When western businessmen wants a huge slice of the nation's wealth, they often speaks of reforms. What a shame.

[@Tihi45]

This man killed Adnan Kasogi.

[@Ashhad1400]

@@Tihi45 American army killed over 1 million people in Libya, Iraq etc. Yet no one wants to hold the pentagon accountable for its actions. And then they over glorify kashoggis death.

[@haikaloronsentnel138]

ISL4M CAN'T BE TRUSTED!!!

[@lossantos9307]

@@Ashhad1400 Not everyone lives on America y know. I think you getting brainwashed

[@silverkitty2503]

this is the opposite the saudis want western wealth not the other way around ... they want to raise funds through western money and selling shares because in the east often govts dont charge taxes and really have no other way to pay for public services than oil funds but really when you tax .. then social benefits pay YOU back as a govt as things you buy give money back in revenue ....the saudis are poor because they are a river to the people ...but the tax system never makes it rain.

[@mannyespinola]

Thank you for this excellent documentary, very enlightening and informative

[@Tihi45]

This man killed Adnan Kasogi.

[@3lazawa2ak20]

Forward

[@anthonylo9952]

If such company can run a country and its economy, then a 2trillion dollar valuation means that the company is actually undervalued.

[@MrAnnl25]

partial valuation

[@ms9771]

Ye,s Allah said, Saudi Crown Prince Mohammed bin Salman has been revealed as the owner of a French chateau 350millions described as the world's most expensive home also Prince Buys $450 Million Da Vinci Painting Of Jesus Christ and billions dollar Yatach when his people have no air-condition and do not allow reporter take a picture or will be cut to pieces like Khashoggi reporter

[@al3ndlib]

Now it has passed Apple

[@GR8APE69]

That sounds right, but you forget that there are single American companies whose yearly revenue is larger than many nations' entire yearly GDP. You're used to seeing these big numbers and thinking it's normal... it isn't. The United States is an absolute economic hegemon that operates on a scale that MAYBE a handful of other nations even come close to. China is a good example of what I mean. They have advanced rapidly to have cutting-edge technology and industry which has made them very wealthy. But even with all of that tech, advancement, modern economic markets, and wealth, they are STILL second place to the United States in terms of GDP while having a population that is almost 6 times larger than that of the USA. If you look at the numbers, and the way that global finances and the general world order operate, the United States is MAGNITUDES more powerful than any other nation on earth. So comparing Saudi Aramco to American companies isn't really a fair comparison. Saudi Aramco is HUGE for a nation that didn't industrialize until after WWII.

[@dexterian1716]

thank you for this docu!

[@itdropout]

Let's talk.

[@OculusYT]

Proud to have worked for the prestigious Saudi Aramco for almost twenty seven years since 1979 in Dhahran. Amongst the ups and downs, tricks and treacheries, Saudi Aramco maintained it's very own style of administration and operation fair and board. Serious challenges were there and the Company steered through to maintain the Saudi finance and economy afloat being the most important and dependable partner of the government. Their planned Saudization of human resources and contribution to the country's overall education, health and business deserve a recognition with high note. Wish them continuous success in all the sectors and develop the 'all local workforce' for future challenges.

[@massinakmin8340]

Proud slave..

[@shoaibhiroli768]

I proud to work with Saudi Aramco... But have one question. Why the ARAMCO not allows to expatriates to become a ARAMCO employee.. As they are working continuous as a contractor employee as they have a good experience working in Aramco ?

[@massinakmin8340]

@@shoaibhiroli768 because they are brown. Aramco is racist company like every saudi is a racist. It is a culture thing.

[@horacekirkwood2411]

maybe it's the colour of skin to get a job, but that's happening every where like South Africa it's a known fact since the black people were allowed to live like the rest of the world that if you are black you have a good chance to get the work before a white person, and yes there's racism and yes just like in the past only a small few will speak up and try and change

[@ryodan3886]

@@massinakmin8340 Why do you think their employees are slaves?

[@onepluslatest]

MBS....MODERN /INTELLIGENT KING SAUDI WILL CHANGE .....IN HIS RULE

[@Batman-sm2mz]

9:40 "It's a process that will be, expansive, intrusive, and transformative." That could also describe the camera zooms on the man's face.

[@tykemajor9442]

looks like he's played a 'big' role in this documentary

[@sylvesteriruoghene1791]

Nice

[@DreaBe]

@@tykemajor9442 c ml

[@basselm804]

lmao

[@davidmark5142]

how are you reply to me

[@kamalashraf4846]

When you hear the word sovereign wealth fund, run.

[@fionnuala8375]

I worked in the hospital for employees of ARAMCO so lived in the ARAMCO compound for 2 yrs when it was an Arabian American Oil Company it is now an Arabian Oil Company worked 1 year during that time.

[@petroulaterzaki7328]

What good information source about Saudi Arabia. Thanks for care !

[@subscribeforsomeafricanvil7105]

Just a few weeks ago, I was reading on Saudi Aramco website operations. As someone wo studied logistics and supply chain with experience in oil and gas. I would very much be happy to be part of the Saudi Aramco team.

[@al3ndlib]

It’s one of the most prestigious companies in the world, like if you were lucky enough to work for them you’d be set for life. I have a friend that works for Aramco and instead of Aramco paying him the typical housing allowance required by Saudi Labor Law, they bought him a freaking house and paid for it by his housing allowance for the next 30 years interest free. He was 25 years old with half a million dollars house 😂

[@DMCMAD77]

💪

[@whatislifebuttheenjoymento3405]

Aramco is not a new company. Logistics and supply has been set probably 40 years ago

[@peterernst1455]

Aramco has to diversify its revenue base away from oil to green technology by buying companies that are successful in these new technology areas. For ex, by buying air taxi drone service companies. You see this happening in places like Singapore and Dubai.

[@moinuddinsaheb2424]

Proud to be a part of Saudi Aramco. May Allah bless the country & company ❤️❤️❤️❤️❤️

[@noreenvarda8746]

But, as Sa`udis, you ought Not to be proud of something a member of yr ruling royalty did!! Something dastardly, inhumane!

[@alexanderaquino4289]

The Market will devour it for sure.. Its valuation will go roller coaster. Short Sellers will ride in this, count on that The Market is the one who dictates the price

[@HasanAli-te3lm]

I work for Saudi Aramco and i love my company. Its like my 2nd family.

[@rafathwaheed7594]

Please save your country!!

[@debbyakusobi5737]

Please Mr Hasan, can you assist me with the link to get a job offer from this Great company?. I'm into shipping

[@noname-op3zj]

Your royal highness I salute u in ur beautiful majestic ideas , I gave bayahh love and reverence from afar my dear king

[@stanleyjoe4103]

Thank you for this informative documentary.

[@Tihi45]

This man killed Adnan Kasogi.

[@brhm1111]

@@Tihi45 no one care

[@ellashy6539]

besides the documentary reading the comments becomes equally enjoyable lol

[@Mr.PeePeePooPoo]

Your mom is equally enjoyable

[@playgroundofsound7683]

Where are you from? 🌎 I’ve been watching a lot about Saudi Arabia lately. Very interesting place did u know half of their population is under 25 years old?!

[@despedia2393]

Ella Shy I love you

[@adrianaadnan7704]

Agreeed

[@ellashy6539]

@Donald Trump clown

[@William_sJazzLoft]

I had no idea how complex the economic model is for the House of Saud. If Aramco is owned and operated by the government, what distinguishes the Saudi model from an SOE such as would be common to the PRC? Also if there's a decision by consensus, can one hold out impede a particular initiative? Thank you

[@somguy728]

I love the idea of the house of Saud running for their lives in the dessert. They squandered the majority of that ocean of oil.

[@harrickvharrick3957]

Beautiful documentary, with a more of beautiful shots, in which a thorough picture gets painted, and really knowledgeable people are being interviewed. Fantastically done, it has created a lasting image in my mind! I just have one question: it gets stated that Saudi Arabia's attempt to break its competitor Shell by causing a huge drop in oil prices a few decades ago, massively backfired. How, and what happened?

[@joeblow-mf2jx]

helped terrorists

[@rgsclassicmusiccafe]

Aramco should review it's crude oil price to recover past losses due to Low price....more over they should Robotize the work force as per their work process... Saudia should workout to explore its Gas reserves...at max potential Thanks....RGS

[@shoaibhiroli768]

Saudi Aramco is a world top number one company in the world.. I grately proud to introduce myself to be a one of the employee of ARAMCO...

[@debbyakusobi5737]

Mr Shoaib, please can you assist me with the link to get a job offer in this company?. I'm into shipping

[@soleraanalyn7267]

If you working in the largest Company, you need to wearing the bright colors dress , and Always smelling the peoples, ,so that's the businesses is Successful. And very Lucky

[@virgentina4757]

Good job guy prince in Dubai Always humble man awesome God bless you 👍👍😘😘❤️❤️

[@rafatparveen5364]

Aramco is a backbone Saudi kingdom

[@davidlawrence8085]

Is or WAS a backbone...and now a broken back.

[@ParissaKhoury]

Respect to Saudi Arabia 🇸🇦 Aramco from Iran 🇮🇷 ... ARAMCO is way better investment than Apple!

[@phenomenalfemale524]

Saudi Aramco went public with the world's largest-ever IPO on Wednesday morning, with shares surging more than 15% in two days of trading & giving the state oil giant a valuation of $2 trillion.Dec 11, 2019

[@noreenvarda8746]

Assa Alkm! When you have a Family of Leaders the Population holds sacred & fear, isnt it a Tyranny? No human being ought to be so revered except, as in Islam, the True Prophet Nabi Muhhamad SAW!

[@netizencapet]

Saudi Aramco did NOT go public in 2019. Rather, they sold 1.5 % of their shares publicly. The other 98.5% are still held by the Saudi State. For a state owned enterprise to "go public" would mean that the government owner would sell a majority or all of the company's shares on an open stock market. Much hype was made that they were poised to do just that, but this was not so.

[@Zvxers7]

​@eqwalle4884 saudi arabia gdp is over a trillion 😂

[@Mama-nu7it]

Thank you for the information given 😊

[@aljazeeraenglish]

Hi, We will be with you through this premiere. Join us with your comments and questions as we watch - Saudi Aramco: The Company and the State

[@bhh3256]

All aljazeerah news are fake

[@Buttersausage]

Life ain’t fair isn’t it .....

[@syedmdyasserosman1145]

9/11 is inside job.

[@syedmdyasserosman1145]

Make a documentary on inside job of 9/11

[@syedmdyasserosman1145]

Israel controlled Americans economy , banking and politicians

[@andytan911]

Something must be wrong, if it really makes that much money and really still had that much reserves, they wouldn’t need to IPO.

[@devinkim4588]

Yeah but its more about the transition from combustion engines to electric. I let you in on a little secret. Automobile Makers have been pushing to put Electric on the road for nearly 30 but have been restricted. The restriction on electric vehicles have lifted. We are currently the Infant stage of electric vehicles, but the growing pains will not be there. Within 15 years electric vehicles and other forms to power will make traditional combustion engines obsolete.

[@ParisNorriss]

The reason to IPO isn't just to raise money. It's also to have a market to sell your shares for a good multiple of earnings. They are trying to diversify away from oil and hence selling Aramco over time to fund other projects.

[@AT-cy7im]

Ammm it would have made sense and very much so. This about it: with the IPO the shareholders would be only a few and they would VERY VERY RICH like 2 trillion worth of rich while the people would have become poorer. That is why Saudi eonomists leaked info at the risk of going to jail. Now with Aramco being a state owned company, everyone benefits...with the IPO only a few would. Brave those smart guys that denounced this, I pray they are doing well.

[@ROSAAMADAMINERVAACOSTASILVA]

Good morning my dear MBS Greetings and blessings to you and all your beloved Royale Family.

[@Paradoxisthefingerprintofgod]

Saudi Aramco is one of my favorite companies.

[@davidlanham99]

"...when it comes to relations between the United States and Saudi Arabia, Washington has all of the leverage. American policymakers shouldn’t forget that." Ellen Wald, NY Times Oct. 18, 2018.

[@kingsleyoppong-wereko7239]

Saudi Arabia needs a Sovereign fund similar to Norway, be a financial hub like Singapore and boost tourism for middle class foreigners. In the case of Aramco divide it into 2 companies would make sense. 1 side goes public and 1 side stays private as well as moving to make public some parts of the value chain.

[@Sp3ll633]

" boost tourism" ahahahaha who the f wants to go to the desert? Especially with this backward society.

[@adnanbilal4783]

It is is a very informative video. ididn't know this fact about Saudia Arabia.

[@kn678]

the guy at 5:02 spoke facts; pretty much summarized the whole deal

[@awakenthegreatnesswithin]

So much hate in the comments - time to leave. Love is the key to success 😃😎

[@hugolafhugolaf]

As if anything Saudi had anything to do with love. Murderous regime.

[@robertpeston6692]

Aramco was founded with the Americans and Arabians (AraMcompany). The IPO was announced last year and they were deciding whether to go to NYSE (NASDAQ/NYC:AMCO) or LSE:/LSE.AMCO. They then pulled out and said they are not comfortable yet transitioning to the public phase, maybe it was just a testing between who would give them better concessions. Ultimately, the British did but they pulled out anyway.

[@myraxmars9164]

Aramco Aramaic Aramco oil gas energy company oil gas Rainbow🌈many muslim not agree mbs Rules but I' support mbs MBS Rules peace before MBS Rules Arab Saudi Christmas Valentine's muslim Rejected but MBS Rules Christmas Valentine's consert deal 👍👍 who claim MBS kill jamal kasogi MBS not kill kasogi face me investigation who suppect MBS 👍💚Al UZZA 🌕⚡☀️🌟🌈

[@grantandrew619]

perhaps you should watch

[@michaelaram5114]

Aram is my lastname.. I hope I'm work in Aramco someday..

[@noreenvarda8746]

They want complete control....

[@noreenvarda8746]

@@michaelaram5114 mmore like haram

[@aabdelkaderbouteldja1004]

نشكر جزيل الشكر والتقدير والاحترام للإدارة الأمريكية السعودية للمجهودات القوية التي يبذلونها لأجل التعاون و التضامن و التكافل و التكاتف و الإتحاد و التشاور لأجل إحلال السلم و السلام العالمي للعالم أجمع

[@jacobzaranyika9334]

This keeps coming up. I will watch it later

[@noseymold9868]

They’re going to need an army of accountants to go public.

[@SebAnders]

And also they'll need the house of Saud to stop using it as a piggy bank.

[@omarjandoul1397]

the company is already public

[@Tihi45]

This man killed Adnan Kasogi.

[@Tihi45]

This man killed Adnan Kasogi.

[@MSaad-ht7ni]

If Unemployment remains High despite there being jobs then u got a significant problem.. Whole story of Saudia arabia described in few words..

[@salehelsileni3665]

الله اكبر ولله الحمد الله ييارك ماشاء الله لاقوة إلا بالله بالتوفيق

[@apriljeddahlynbacud8537]

My father works here. I am so proud of him. I miss him so much!!

[@aloamabrighton1089]

Aramco's loyalty towards the Saudi people is admirable!! Talk about shifting the paradigm!!

[@mohammadbinsalmanasl6120]

Agents are needed to work at MBS foundation if you are interested send me a direct message or whatapp [phone] just your Royal membership card

[@domnoonan6687]

@@mohammadbinsalmanasl6120 hello friend

[@shmsid48]

I just pray that Saudi and the people of Saudi Arabia live again in peace and prosperity. Ameen.

[@ziyadaldegaither8931]

Come over and check it out for yourself. I currently live in Boston, Massachusetts but am a citizen of Saudi Arabia. I feel more at peace and safer in Riyadh than anywhere in the USA.

[@phenomenalfemale524]

So what is the best Oil stock/ETF to buy now March 2021? Should an investor buy an ETF that has Saudi Aramco as the largest holding w/ a 5 star Morningstar rating? Most say oil is going up in 2021.

[@sajidrao3625]

Ap Boht Ameer king Kaba 👑👑👑👑 Saudi Arabia Allah pak apko khosh rakhe,, apki Mal I dolat ma barkat de Ameen 🤲🤲🤲

[@Longtack55]

Thank you AJ - excellent points to ponder, particularly vigorous Due Diligence. I see down-voters still haven't welcomed or grasped the idea of modern business practices and anything other than oligarchic and corrupt leaders grovelling to absolute monarchies . "Accountability is uncertain" typically modest understatement of a former diplomat.

[@Tihi45]

This man killed Adnan Kasogi.

[@khmerfood5611]

really nice news,

[@instantkarma1978]

My grandfather worked for Aramco in the 60s and 70s. He may be in some of the historical footage shown. By the time he died at the turn of the century, he said that the company and the country had changed a lot and wasn't the same by then. He probably wouldn't even recognize it at all by now.

[@nGAhGENVH0Ul]

It's unbelievable how fast and drastic the change has been.

[@pascald726]

Salaam MBS❤Good Job Amo✌🏾

[@ilyasabdullahishuaybdr2485]

Alhamdullilah I am so happy

[@niquinavarrete1415]

I love you Saudi Arabian prince. Thank you for changing a nation we once were so terrified with. 🙏

[@francisfreyre]

Very Interesting Documentary! Thank you Al Jazeera.

[@Tihi45]

This man killed Adnan Kasogi.

[@user-tb6rs2wh4d]

ربنا يحفظهم لك العربيه السعوديه ومالكها طال عمره وولي عهدها محمد بن سلمان ابن عبد العزيز ال سعود يحفظ الله ورعاه ويثبت خطاها و سمو الامير وليد بن طلال بن عبدالعزيز ال سعود امير الانسانيه بجد❤ وانتم وجهه فخر الوطن العربي للمملكه يحفظكم الله ورعاكم جميعا ويثبت الله خذها على قول الحق💖🇸🇦🇾🇪

[@atlanticfalcon2401]

Very nice Documentary 😍😍😍

[@mlaka8155]

Profit in 2018: Saudi Aramco: $111 billion Apple: $59.5 billion Samsung: $39.9 billion JPMorgan: $32.5 billion Alphabet: $30.7 billion Shell: $23.4 billion

[@roxyraccoon8856]

Let's all stop for a moment to -THANK- Ronald Reagan and Republicans since him for _cutting_ taxes on those who can most afford to pay them: Corporations.

[@ldwabananattqw]

net income*

[@gimmick206]

I wont say aramco made a profit, cause it also lose the reserve so it stuck, you get money you lose oil, also the price is dropping

[@roxyraccoon8856]

I remember the good old days when stupid people just listened.

[@anniechrisbendy6000]

🤣🤣🤣transparent saudi NEVER WILL HAPPEN ...... but it does not exist in U.S.A , UK, E.U either so ....... !

[@anniechrisbendy6000]

Hey new king ........we need to talk

[@anchor4067]

Everyone ain't transparent

[@philosoftfurkitusjunkyard2462]

Masks are required now, to share the blame

[@kakumian5159]

Transparent! The West created Saudi Arabia for their long term benefit.

[@sylvesteriruoghene1791]

Nice

[@sarasaadat2094]

🤲 all prays of Muslimah. Ummah is supporting Saudi

[@Shaikhofilm]

The ipo is a good way to generate some revenue , and hopefully use it for a good cause. Normal business investments , one expects 10 to 15% profit . On the exchange, people play with fluctuations , and can expect 1/10th of that in dividends . So in reality, they are getting 10x the value of the company in the ipo . And it will still increase in stock price on the exchange , because the rest of stocks are the same.

[@Lunatic4Bizcas]

"Houston is an oil town." How about mega-city in the United States. Fourth largest city by population in the U.S in fact if I'm not mistaken.

[@applesaucemannomadicgarden529]

And I thought Houston was some city in Saudi Arabia...

[@cucumber623]

ooooooo

[@mohdanzarhashmi3257]

Allah Always keep success continue Saudi Aramco VISION 2030

[@bipinshahi9830]

I have to say his highness thank you🙇‍♂️

[@Larkinchance]

This is a slick sales pitch......Let the buyer beware..

[@jonathanvladov9942]

18:15 she says that Aramco not listing in the NYSE limits their access to capital ? how much capital would they need? why would it limit it?

[@mariorossi9655]

If they were to list it on another stock exchange, say Shanghai, then the stock would have to be bought and sold in Chinese Yuan currency. This makes you vulnerable to fluctuations in the value of the yuan. Additionally, listing ARAMCO in a lower-transparency stock exchange is a big signal to investors that there is something shady going on, so they won't buy in. Anyways, you'd need to be dumb as a rock to invest in ARAMCO. Like seriously, who's gonna put their money on oil in 2020?

[@alsalam8027]

The Jackup rig showed on the initial part belongs to saudi aramco rowan offshore, been there onboard couple of times

[@cvvarghese2242]

My beloved Crown Prnce MBS, HEARTY GREETINGS. I hear that Your Highness is in problems. At the same time you Highness declared several reformations favouring women. They are the noble companions God the ALMIGHTY has given to men. But they are considered by 'some uncultured' as slaves which is against GOD THE ALMIGHTY. So Your Highness has taken firm steps, which is HIGHLY APPRECIATED. We expect A LOT from you. Your Highness can do it. If Your Highness is after TRUTH, YOU WILL SUCCEED BECAUSE GOD IS TRUTH AND GOD WILL BLESS WHO FOLLOWS THE TRUTH. I will pray for you. Convey my best love 💘 and regards to my beloved Hamdan, who is your friend. Thak you. With love 💘 and regards CV Varghese.

[@AS-qj6zf]

It’s interesting how the attack happened right when they’re trying to do an IPO which is dependent on oil price... nice chess move, blame Iran while boosting their IPO value.

[@kdcruz75]

They ramped up the price to get a higher IPO... Maybe they dont have the reseerves to get a higher IPO.. To get a. Higher IPO share pricing they need to show a history of higher reserves...maybe its just them showing part of petroleum production as reserves...and then rilling that figure over... So when they ramp up the price... They want to fool the public into thinking that they r doing that in the back of huge reserves... If the market knew that the reserves were fictional then the shorting pressure would be very high... They lose theor power to determine the price.. the short sellers would be determining the price..

[@spin-cthrowshands5553]

If anythinf that lowers their IPO price. Speculation is the biggest driver of the market. No one wants to invest into a possible future war zone.

[@cookinsdabest]

@@spin-cthrowshands5553 I agree, I think they were attacked to damage the ipo, but it could have been usa, Israel, Russia, Iran, Yemen, we may never know who actually did this

[@spin-cthrowshands5553]

@@cookinsdabest True, but only thing you can do is go with whatever evidence has been presented from both sides... and thus far America & the allies have presented more convincing evidence. There are questions to some aspects of the investigation, but majority of investigations always have questions. Iran hasn't presented anything to show their innocence. They were involved either primarily, like the evidence is pointing to, or aiding the attack... In America, that still gets murder. You knowingly aided/ planned the attack, you are just as guilty as the attacker. And that is regardless of anti-iran policy, anti-Islamic possible feelings, ect. That doesn't neccesarily make America guilty of perpetuating a false narrative instantly... but it does make us all look closer at the entire investigation, all the motivations, who, what, when, where, and why. God bless the USA. 🇺🇸🇺🇸

[@lilbit5557]

Absolutely

[@WhateverDudeMan]

Thank you Qatar for this documentary!

[@user-no4ij8lx6w]

سموامير محمد ابو فهد الله يحرسك الله يحفظك انت وزيجتك والادك طول بي اعماركم امين يا رب علامين

[@rohitsingh-dd4xo]

I really love to see the documentary of musa Al Sadr

[@mohammadbinsalmanasl6120]

Agents are needed to work at MBS foundation if you are interested send me a direct message or whatapp [phone] just your Royal membership card

[@cedricsmith8188]

I was wondering is there quick sand in Saudi Arabia, and in the 1930's when they were searching for oil in the desert was anyone lost in quick sand?

[@VolKNo0]

Cedric Smith these are the type of questions we need to ask. This is a Real question.

[@thomascassler9494]

good subject , yes , many geoalogest were swolloed up by the sands , all for oil , shame oil is prized more then human life , sad but true !

[@scarecrow9474]

My brother did

[@abdullahiahmed3425]

Just do it already I would love to buy shares in Aramco, and I would encourage people to do the same, oil is one of the best investments like gold or real estate even if oil is selling at 20 dollars a barrel it's not a worry because you would still be making a profit, so just do it Saudi Arabia !

[@nadiafulitva8051]

It’s at -40 dollars right now

[@user-jf1cq6pq3w]

@@nadiafulitva8051 83$

[@muhadiachwan814]

Look that cool mineral product...every body look at bad mute or not important product but this time he become hero in our crisis

[@ricktimmons458]

sand and oil - what else they got? do they have desalination plants? can food be grown there?

[@Amin2k]

Beautiful company!

[@galoveble]

wow.... they are really rich... big development.. I have been living in that place... the government really doing good job by education and to the people ... i dont see poor people on the street.. they have even allowances for the student which other country cant even afford even free education..

[@shauncameron8390]

But in exchange, the people are to obey the government. No questions asked.

[@yassenabdalfatah5775]

قلب الأسد وصانع المعجزات الأمير محمد بن سلمان مفخرة العرب والشخصية القيادية في العالم صاحب اقوى شخصية عالمية حفظكم ألله ورعاكم هامة طويق مايهزك ريح

[@safeerkhan7414]

رب اجعل ھذا بلدا امنا وارزق اھلہ من الثمرات من امن

[@FireMao]

I would like to hear what the family's vision is on how the planet is to be saved.

[@upupandaway5646]

There is none ,nothing will change

[@netizencapet]

I read Ellen Wald's book. It's pretty fair and shows the adroit moves of the Saudi oil ministers and certain of the royals to ensure that Aramco would not exploit the kingdom and how through patient, yet hawkeyed monitoring and planning, they waited until they could buy the company fair and square rather than bring problems on themselves through expropriation. This strategy largely determined the kingdom's privileged position with the west versus the unfortunate position of other oil rich states, even those with much more democratic governments. The Saudi State is not ready for an Aramco IPO. You think the shady, fitful, arbitrary, and unrealistic whimsy of Prince Salman (who is so much less of a man than his father), could be trusted to manage a sovereign wealth fund (the Aramco IPO money would be put into one of these, such as the small already existing one, I assume)? He'd sell off half the holdings for a pie in the sky imbecile vision of a linear city built anew in the desert, when Saudi Arabia already has excellent candidates for urban renewal in places where ppl already live...and who's to say massive new urban projects are what the ppl need right now, versus, say, better water infrastructure, educational institutions, legal and dare I say--political--reforms. The monarchy should relinquish direct rule and become a constitutional monarchy with a professional legislature, even one that were only semi-democratic.

[@ms9771]

Saudi is run by the dictatorship of 7thousand families of the kingdom, you will lose your head if you talk against these families or cut your hand or keep you in a Saudi dungeon, like the Khashoggi reporter who has a special relationship with the west selling oil, just god save of people of Saudi

[@user-du8gg7dc5o]

😂😂😂 شي عجيب وأنت وش دخلك نحن نعيش عيشة الملوك تفهم يا غبي

[@silverkitty2503]

do you think saudi arabia is ready for democracy?

[@netizencapet]

@@silverkitty2503 Revisiting my comment, I have a slightly better view of MBS than I did at the time. I think he's largely a closeted progressive with some crucial reforms in mind that may ultimately deliver the middle east from some of its current dooming factors: 1. challenging the old Petrodollar/Security scheme signed by FDR and Ibn Al Saud, considering in its place an array of Petro-Yuan, Petro-Euro, Petro-Rial, etc. arrangements which would be fantastic, yes, for Saudi independence, but much more so for price stability in the developing world and conflict remediation. 2. Pursuing detente with Iran. If MBS could shake the awful "Cut and bar Iranian oil from from the world market at all costs" doctrine, one of the region's central destabilizers (the Saudi/Iranian rivalry) could be mitigated. In essence, egged on and reinforced at every possible turn by the U.S., the rivalry acts as a Divide and Conquer strategy that ultimately aids the old imperialist Atlantic powers at the expense of the middle east as a whole, the two rivals themselves included. 3. MBS, once he obtains sufficient triangulation from the US, may lend the kingdom sufficient multilateral leverage on a diplomatic level to permit MBS a greater license to move against the clergy and institute gradual westernization/liberalization. I think MBS ultimately wishes to bring women into the workforce, cut back on over the top cultural censorship (but keep political speech at bay) and transition the social model from mass welfare based on oil checks to an employment and services based system, or - at least to a welfare state whose sovereign fund is more diverse. I still fear that Vision 2030 is criminally outlandish and that the people of S. Arabia deserve better for their money. However, I hope MBS succeeds with some of the other changes I've mentioned. As for whether Saudi Arabia is "ready" for democracy, that's a very insulting question. People everywhere are ready for democracy. I fear the United States' semi-democratic government is so thoroughly captured by monied interests that its people are increasingly unready to ever demand the reforms that would permit them to exercise real democratic governance.

[@baliharsingh2315]

God bless you bro

[@sajidrao3625]

Allah pak humare is ghr pr apni rehmat ka saya hmasha rakhae Ameen 🤲🤲🤲

[@bismahzjallani5916]

No company is bigger than the cost of human life

[@andrewlambert7246]

Why do nations with minerals and/or oil have no industrial manufacturing capability despite having capital to invest in industry.

[@hussainbinshamsuddin9488]

Complacency and due to international trade diplomacy. If these countries start up their own industrial and manufacturing sector, many European nations will struggle. It explains why for example France will fight tooth and nail to maintain their control over their former colonies, sending in mercenaries if needed to topple leaders who are playing ball with France.

[@voiceofunreason5153]

Government officials loot most of the funds that should be reinvested into building infrastructure. It is a wicked greed and shortsightedness tantamount to treason basically.

[@hussainbinshamsuddin9488]

It is not in the interest of developed countries to see these countries develop their research and development or their manufacturing and industrial sectorr. France for instance controls their former colonies central banks. Any rebel leaders or organisations which threatens to topple leaders of their former colonies who are pro-French will be dealt by the French mercenaries mainly to protect the long term v strategic interest of France.

[@user-du8gg7dc5o]

كلامك مقنع وهاذي الخطه ان شاء الله

[@alexandracuco6352]

amazing the big in OPEC do you have refinary???? i have lot in Siberia

[@suzana838]

PERFEKT...EXTREM....GENIAL..❤❤🙏

[@NSResponder]

Letting the Saud crime family fill the power vacuum left behind by the collapse of the Ottoman empire is probably the worst thing the Brits ever did in the middle east. -jcr

[@shokhil36]

thank you! finally.. there is someone who understands this

[@abdul-azizmusa2990]

ARE YOU DRUNK OR HIGH ON SOMETHING? ARABIA WAS FOR EVER WAS ARABIA. THE OTTOMANS WANTED TO TAKE ARABIA. BUT FAILED. THE BRITISH TRIED AND FAILED. AMERICA TRIED AND FAILED. YOU SEE IT IS THE "ONLY PART OF THE WORLD THAT WILL NEVER FALL INTO SLAVERY.

[@abdul-azizmusa2990]

@@shokhil36 This is way out of you feeble mind can understand.

[@keithmcloughlin7324]

Yea gotta love ❤️ Al Jazeera , The whole truth , Best wishes Dublin , Ireland , ❤️🙏☘✌️💯🇮🇪☘👏🏻....... 😇

[@sidsyed]

Mohammad Bin Salman is very smart and educated ruler and what ever he is doing ti Saudi Arabia is needed, how long ur going to depend on oil revenue so u have to have alternate revenue not only oil revenue and that is exactly what he is doing. He allowed woman to drive and go work in every industry where ever she like, go get good education so other his family members are ridget or old fashion and do not like his policies, I should say good luck to him and God will save him from those evil who are against him Good Luck Mohammad Bin Salman

[@mdkarim8991]

Im also work in a Saudi Aramco Related Company in Dammam Saudi Arabia.

[@dmdm8018]

Like many, I hope alternative energy sources make this oil nation back to what they were prior to this wealth. I hope I live long enough to see that.

[@Anonymous-or4ru]

It's the only way to disarm oil rich tribal nomads and effectively stop the growth of terrorism.

[@Anonymous-or4ru]

The longer first world countries maintain their appetite for guzzling oil, the longer they will be marginalised.

[@taariqq]

Seriously stupid comment.

[@creedbel8328]

I wouldn't hold my breath if I were you

[@silwadi08]

I pray the dismantlement of the oppressive saudi family regime is steadfast.

[@jamessylvestri8674]

I really like the prince he has I think an honest and very serious face very intelligent person

[@abagthiari9666]

MA'SHA'ALLAH🌙 AsselaamAlaykoem/Greetings,..

[@johnobrien8398]

Let’s hope everyone starts to use electric cars very quickly the oil will not be needed and the world will be a better place so nice 👍

[@cirus4460]

@@kerryburns6041 Hey Electricity is being generated from Renewables like Solar, Wind and Hydro too and 90℅ of electricity will come from these sources by 2050.....Bye Bye Oil n Fossil Fuels

[@johnobrien8398]

How about nuclear power that can make the electric or wind turbines or the power of water it can be done without fossil fuels we must try

[@kerryburns6041]

@@cirus4460 Sorry to be negative, but the buses, wagons, trains and ships run on diesel too, and will continue to support the oil industry. Renewables are not part of the Great American Plan, or England would have had them years ago. In Spain I get an average of nine hours sunshine a day, which allows me to run a solar powered bicycle, with two sets of batteries, one to use and one to charge. My solar system would probably run to a small light single seater car with a 20 or 30 mile capability. In England it wouldn't get out of the drive. I don't know what the answer is, but I do suspect that it might include something which rarely gets mentioned, and that is a serious look at the environmental costs of mass travel on a daily basis, and a gradual move towards staying where we are.

[@kerryburns6041]

@@johnobrien8398 We still don't know what to do with the deadly nuclear waste John. Wind and water offer huge potential. But not to our politicians, who are the best that money can buy.

[@johnobrien8398]

Kerry Burns politicians are not the best we can get they are the best money grabbers and self publicists you can they are all milking the tax payer for fortunes

[@tousifrahman2342]

An inclusive government that do not share the wealth & prosperity with people that actually create it (wether foreign or local) can not possibly attract foreign Investment, they should actually look into other nations like Australia or Singapore to see how they treat their foreign workers, there is a lot of things goes into a be considered a developed country.

[@abdullahsultan6778]

Why u dont ask that sharing of wealth from ur own government?😉😉