Post# 1569198386

23-Sep-2019 6:26 am


All bad news for Saudi cash cows :

Restoring damaged oil infrastructure will take months, and can't be done by the end of this month as previously declared.

Saudi has informed its largest oil importer Japan of disruption, and Japan is now looking elsewhere.

Saudi's Vision Fund is in trouble. No new investment will be made for the next 12 months.

And whatever investment the fund made previously is also in sinkhole. It invested $10B on WeWorks at $40B valuation. Valuation dropped bellow $1B, and criminal charges are being investigated against WeWorks. Other investment like Uber, Slack all are trading bellow IPO.

As if it was that easy to make money off investment. Wondering what Saudi will be doing with its Aramco IPO cash.

23-Sep-2019 6:26 am

Published
23-Sep-2019