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Saudi Arabia weighs delaying international part of Aramco IPO

A domestic share sale in Riyadh could still happen next year

Javier Blas & Dinesh Nair | Bloomberg 

Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year. A two-stage Saudi Aramco IPO is one of several options being considered, the people said, asking not to be identified because discussions are private. Another plan would include listing in Riyadh next year and privately selling a stake in Aramco to one or several cornerstone investors, one of the people said. The ...

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First Published: Sun, October 15 2017. 02:03 IST
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