Aramco Takes IPO Show to Dubai

The video discusses a briefing led by the CFO and company executives on the Ramco IPO, highlighting that investors were not presented with new information beyond the prospectus. The briefing reassured investors about dividends and strategy, particularly CapEx. The video also explores the purpose of the IPO, which seems to solidify existing regional support rather than attract foreign capital. The role of sovereign wealth funds and the absence of a cornerstone investor are discussed, with emphasis on political support and potential state investments.

What is the significance of having a cornerstone investor for the Ramco IPO?

What factors contribute to the political support for the Ramco IPO in the region?