Saudi Arabia’s Final Attempt To Boost Aramco’s Valuation

Saudi Arabia is gearing up for the Aramco IPO, pulling out all the stops to boost the company’s valuation. But it’s a desperate attempt that is riddled with risk. Saudi Arabia is reportedly bullying the ultra-rich in the country to invest their money in the offering, a pressure campaign that has echoes in the 2017 Ritz-Carlton shakedown. Aramco is also dangling the possibility of larger-than-advertised dividend payouts to investors. “Aramco management has stressed the possibility of additional distributions to shareholders above…