From Breakingviews - Abu Dhabi’s gas IPO displays the merits of caution
Aramco’s problem was that Saudi Arabian Crown Prince Mohammed bin Salman had already decreed that it should be worth $2 trillion. While its latest
show it is the pre-eminent global oil company, foreign investors disliked the sub-4% dividend yield. ADNOC Gas, by contrast, has a prospective yield of 5.6%, in line with local rivals and more in keeping with Western energy rivals.
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