Aramco Sheds Over $800 Billion in Market Value From 2022 Peak
Saudi Aramco signage displayed at an event.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global finance. You can sign up here.
This week: a Middle Eastern wealth fund plans to offload $1.2 billion in legacy assets; Bahrain backs a private equity newcomer; and Brookfield names a new Saudi chairman. But first, a look at how Aramco’s share slide is deepening the kingdom’s challenges.