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"Aramco shares are as black as the oil it extracts, and stained with blood," warns Simplicity's MD Sam Stubbs

12/11/2019

saudis

The Saudi Arabian oil company Aramco, 100 per cent owned by the Saudi royal family, wants to list 3 per cent of its shares, worth about $60 billion, on its stock exchange.

If successful, it would make the whole company worth up to $2 trillion, and confirm Aramco as the world's largest company.

Simplicity managing director Sam Stubbs says investing in Aramco is morally wrong and warns KiwiSaver fund managers to stay away from any deal with would leave blood on their hands.

Read more in his opinion piece here published by Stuff on Nov.12, 2019. 

 

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