I work in oil and gas and it’s widely considered that with or without the IPO that Saudi is screwed. Huge unemployed population (higher than official stats, of course),reliance on oil demand that will be diminished in 20-30 years and severely declined in 100, a huge welfare program to keep the unemployed folks happy that keeps their budget balanced at $80 oil prices (prices are at $50-$55 now and will probably stay there for a long time barring any very serious political events or Elizabeth Warren banning fracking). To top it off they literally have a ruling family that decides everything.