Saudi Aramco Buying Stake in India's Reliance Industries

Saudi Aramco is acquiring a 20% stake in Reliance Industries' oil-to-chemicals business, valued at $15 billion. This move aligns with Aramco's strategy to maintain its leading position in crude oil production and diversify its downstream operations. The company is preparing for an IPO, with the Saudi government deciding the timing and location. Investors are concerned about Aramco's diversification and dividend potential. The company has shown financial transparency, but questions remain about its independence from the Saudi state.

How does Saudi Aramco plan to increase transparency as it prepares for its IPO?

What concerns do investors have regarding Saudi Aramco's diversification?