Saudi, Inc.

Saudi, Inc.

by Ellen R Wald

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Overview

A history of the most profitable company in the world, Saudi Aramco, and the story behind the family that ruthlessly maneuvered to control this multi-trillion dollar enterprise.

The Saudi Royal family and Aramco leadership are, and almost always have been, motivated by ambitions of long-term strength and profit. They use Islamic laws, Wahhabi ideology, gender discrimination, and public beheadings to maintain stability and their own power. Underneath the Thebes and abayas and behind the religious fanaticism and illiberalism lies a most sophisticated and ruthless enterprise. Today, that enterprise is poised to pull off the biggest IPO in history.

Over more than a century, fed by ambition and oil wealth, al Saud has come from nothing to rule as absolutely monarchs, a contrast with the world around them and modernity itself. The story starts with Saudi Arabia's founder, Abdul Aziz, a lonely refugee embarking on a daring gambit to recon queer his family's ancestral home—the mud-walled city of Riyadh. It takes readers almost to present day, when the multinational family business has made al Saud the wealthiest family in the world and on the cusp of a new transformation.

Now al Saud and its family business, Aramco, are embarking on their most ambitious move: taking the company public.

Product Details

ISBN-13: 9781681776606
Publisher: Pegasus Books
Publication date: 04/03/2018
Pages: 448
Sales rank: 1,216,220
Product dimensions: 6.20(w) x 9.10(h) x 1.20(d)

About the Author

Ellen R. Wald, Ph.D. is a widely cited consultant on geopolitics and the global energy industry. A frequent commentator on oil pricing, energy policy, alternative energies, OPEC, and political economy, she earned her doctorate in history at Boston University and an AB in history, Near Eastern Studies, and creative writing at Princeton University. She teaches Middle East history and policy and has appeared on TV and radio on three continents.

Table of Contents

Prologue: The Refugee Becomes King ix

Part I 1

1 "A Devil of a Time" 3

2 The Americans in King IBN Saud's Court 24

3 Actual Accrued Benefit 49

4 An Arabian Dawn 78

Part II 101

5 He Met His Duty 103

6 Putting the House in Order 120

7 Wahhabism, Women, Westerners, and Riyals 146

Part III 177

8 "Masters of Our Own Commodity" 179

9 "Nationalization Was Not the Thing At All" 202

10 "Barrels of Oil and Gigawatts of Power" 225

Epilogue: For Their Sons 253

Afterword: "The Hen That Lays Gulden Eggs" 267

Note on Sources 297

Notes 299

Acknowledgments 324

Index 327

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