Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Saudi Arabia's $300 billion privatization program was billed as the sale of the century when Crown Prince Mohammad bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail's pace, bankers, investors and analysts familiar with the process say.The centerpiece listing of state oil company Saudi Aramco – expected alone to raise up to $100 billion – is on track to go ahead next year, Prince Mohammad told Reuters in October.The other three sectors have seen less progress.Saudi Post Corp's privatization, which had at one stage been earmarked to begin early this year, has been shelved for the time being.Communications and Information Technology Minister Abdullah Alswaha told Reuters last month that Saudi Post would enter a five-year "corporatization phase".
FOLLOW THIS ARTICLE