There’s plenty of reasons why a Chinese private placement in Aramco might just make more sense than an IPO. 

Since Crown Prince Mohammed bin Salman’s (MBS) 2016 announcement of Saudi Vision 2030, commentators and analysts have maligned the plan’s “unrealistic” goals and time lines. Their negative assessment is based on a fundamental misreading of Vision 2030 as a foreordained business plan cast in stone, rather than a preliminary road map designed to send a powerful signal of the Saudi leadership’s clear intent to rigorously pursue comprehensive social and economic reform.

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