Saudi Aramco IPO delay not likely to impact on economy, says economist | ZAWYA MENA Edition

Saudi Aramco IPO delay not likely to impact on economy, says economist | ZAWYA MENA Edition:

Further delays to the process of listing Saudi Aramco either domestically or on global markets is unlikely to have an impact on the country's markets or its wider economy, according to Capital Economics.

The London-based firm said in a note issued on Thursday that "We don’t think another delay would have a significant direct impact on Saudi Arabia’s economy or financial markets in the near-term.

The firm pointed out in its note that the timeline for the Kingdom's IPO "has already been pushed back quite far". A listing of the company at least on the Saudi stock exchange, Tadawul, had been due to take place this year.