Saudi Aramco Reveals Key Risks Before Giant IPO

(Bloomberg) — Saudi Aramco published the prospectus for what could be the biggest initial public offering in history. The oil giant disclosed a catalog of risks, ranging from terrorism to government interference, the impact of climate change on demand and even currency exchange difficulties.Risk factorsPolitical unrest and acts of terrorism such as the Sept. 14 attacks on the Abqaiq processing facility and the Khurais oil field may “materially and adversely affect” Aramco and the market price of the sharesThe U.S. Justice Against Sponsors of Terrorism Act, known as Jasta, may create anew basis for American nationals to sue Aramco, similarly …read more

Source:: Yahoo Finance

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