10 days ago: Kushner secretly traveled to Saudi Arabia.
Today: out of nowhere, Trump requests Saudi-owned Aramco to do its IPO in the US.
President Trump on Saturday took a position on plans for Saudi Arabia’s national oil company to make an initial public offering on the stock market.
State-owned oil giant Aramco is readying what’s set to be the biggest initial public offering ever. The Saudi company that The Economist calls “almost certainly the world’s most valuable company” is reportedly preparing to list about 5 percent of its shares next year, but rumors say the listing might be domestic only.
Trump is pushing for the company to list on the New York Stock Exchange.
“Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!” he tweeted.
Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!
Saudi leaders have been considering the IPO since early last year and have yet to announce a decision.
Trump has a close relationship with Saudi Arabia. He visited over the summer and there signed a $110 billion defense deal with King Salman.
The president is currently in Hawaii ahead of his five-nation, 13-day Asia tour.