Foreigners May Invest in Aramco After IPO, Daman Securities Says

The transcript discusses the differing expectations and reactions of regional, local, and foreign investors regarding the Saudi Aramco IPO. Regional investors anticipated high valuations, while foreign investors were less agreeable, leading to a reduced global roadshow. Aramco's strategy appears to focus more on boosting the Saudi economy and gaining exposure rather than solely raising capital. Despite initial hesitations, foreign investors are expected to reinvest post-IPO.

What was the general expectation of regional investors regarding the valuation of Saudi Aramco shares?

• They expected it to be lower.

• They expected it to be higher.

• They expected it to match foreign investors' views.

• They had no specific expectations.

How did the scaling back of the global roadshow affect Aramco's IPO strategy?

• It resulted in a complete cancellation of the IPO.

• It allowed Aramco to control the IPO to fit their interests.

• It had no impact on the IPO strategy.

• It led to an increase in the percentage of shares offered.

What is one of the main goals of Aramco's IPO according to the discussion?

• To boost the Saudi economy.

• To increase the company's debt.

• To reduce foreign investment.

• To raise capital for international expansion.

What is the expected behavior of foreign investors post-IPO?

• They are expected to invest in other companies.

• They are expected to avoid investing in Aramco.

• They are expected to sell their existing shares.

• They are expected to reinvest in Aramco.

Why were foreign investors initially unhappy with the Aramco IPO?

• The IPO was not advertised globally.

• They were not allowed to invest.

• The prices were too high for them.

• The shares were undervalued.