Saudi Arabia Says Aramco IPO on Track as It Redrafts Reform Plan - Bloomberg:
"Plans to sell a stake in Saudi Arabian Oil Co. are “well underway,” the government said on Saturday, as the kingdom redrafts one of its key economic blueprints to eliminate overlap with other reform programs.
The government’s privatization program “continues to gain traction,” the Ministry of Culture and Information said in a statement. Officials have said the kingdom plans to sell as much as 5 percent of Aramco next year in what could be the world’s biggest initial public offering.
"The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related requirements are completed on time and to the very highest standards," it said."
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