Saudi Aramco’s world biggest IPO delayed, listing until 2019
March 12, 2018 | Energy Trading & Markets, Middle East
Delay reflects difficulties in handling massive stock market flotation and concerns about potential downsides to market exposure London, UK | – Investors waiting for the chance to buy a piece of Aramco, Saudi Arabia’s state-owned oil behemoth, will probably have to wait. Saudi officials are reported to have told their British counterparts last week that a delay to 2019 was likely. Aramco had indicated that it expected to begin trading on a public stock market this year. The delay reflects the difficulties in arranging what would …