#Saudi Aramco IPO prospectus to be filed this month - report | ZAWYA MENA Edition

Saudi Aramco IPO prospectus to be filed this month - report | ZAWYA MENA Edition:

Saudi Aramco is expected to publish a prospectus for the initial public offering (IPO) before end of this month, the Wall Street Journal reported.

The prospectus will be published in Arabic on October 25 and in English two days later and will be followed by a book-building process in November during which the oil giant will test interest in the company’s shares, the Journal reported citing a document outlining the timeline, as seen by the financial paper.

A decision on whether to go ahead would likely be made after the book-building, the paper said.