Saudi Aramco indecision shrouds world’s biggest IPO in uncertainty:
"Indecision at the highest levels of government about Saudi Aramco’s planned IPO is causing frustration among company executives and financial advisers, shrouding what has been billed as the biggest stock market sale in uncertainty. Saudi Arabia has said it wants to sell 5 per cent of Saudi Aramco — the world’s largest oil producer — as part of major economic reforms driven by crown prince Mohammed bin Salman, who believes the company is worth as much as $2tn. The kingdom is targeting a listing in late 2018, with shares to be sold on the domestic Tadawul exchange. But Saudi Arabia’s preparedness for this flotation and willingness for a simultaneous or sequential flotation abroad has come into question."
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