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Saudis Hint They Could Delay Aramco IPO Until 2019

Saudis Hint They Could Delay Aramco IPO Until 2019


The initial public offering of Saudi Aramco—currently slated for the second half of 2018—could be pushed into 2019, Saudi Energy Minister Khalid Al-Falih hinted in an interview with Bloomberg published on Thursday—the first such hint from a high-ranking Saudi official that the highly anticipated listing of Saudi Arabia’s oil giant may not see the light of day this year as promised.

“Between December 31st and January 1st there is no value lost for the kingdom,” al-Falih told Bloomberg in London. “So, I don’t see this artificial deadline that you refer to as being significant,” OPEC’s most influential minister said.

Continued: https://oilprice.com/Energy/Energy-General/Saudis-Hint-They-Could-Delay-Aramco-IPO-Until-2019.html