Saudi Aramco finally launched its long-delayed IPO this week, announcing plans for a listing on the Tadawul. Q3 results reinforce the scale of Aramco’s profits, but is it worth the risk of political interference for foreign investors?

The Aramco IPO was officially launched at a press conference in Dhahran on 3 November. Saudi Arabia’s Capital Market Authority has approved plans for a partial listing on Saudi Arabia’s Tadawul domestic exchange. However, key questions such...