Thursday 25 January 2018

Aramco's 2018 IPO Schedule Is Wavering - Bloomberg

Aramco's 2018 IPO Schedule Is Wavering - Bloomberg:

"Saudi Arabia’s oil minister said the initial public offering of oil giant Aramco will take place “when the time is right,” revealing the first crack in the kingdom’s earlier plan to debut the company this year.

“We hope that 2018 will be the right time, but ultimately we have to make sure the market is ready,” Khalid Al-Falih said the World Economic Forum in Davos.

His comments indicate a possible shift from Riyadh’s long-standing assurances that the IPO was “on track and on time” for the second half of 2018. Al-Falih declined to answer questions about whether the IPO could be postponed to 2019."



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