Saudi Aramco's listing prospects may be affected
ANBOUND
The media has exposed part of Saudi Aramco's financial data. The company’s net profit for the first half of 2017 was US$33.8 billion, easily exceeding Apple and JP Morgan. Even so, investors have reasons to not buy it. Although the amount of dividends is quite high, it is not as prominent as the leading companies in other industries. Saudi Aramco's income tax rate is 50% in addition to other taxes, resulting in limited cash flow. This shows that Saudi Aramco’s listing prospects may be affected; at least in terms of its valuation.