Saudi Aramco unsafe for investors, lost USD 100 billion: Source
Hyderabad, Oct. 26 -- A Yemeni military source has described investing in Saudi Aramco as unsafe, claiming the state-owned oil giant has lost more than USD 100 billion in market value as fighting intensifies between Saudi Arabia and Yemen's Iran-backed Houthi movement.
"We advise all investors in Saudi Aramco to monitor the financial indicators and the value of the company's shares before making any investment decision," the source told Yemen's Saba News Agency.
The source also accused Saudi Arabia of concealing the impact of repeated attacks by Yemen's armed forces, reiterating its warning against investing in Aramco.
The warning comes amid broader threats from the Yemeni armed forces, which have urged travellers and airlines to avoid...
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