Saudi Arabia Denies the Report of Scrapping Aramco’s IPO, but Wait for Appropriate Time

Saudi Arabia's Minister of Energy denies the report that the government will scrap its stated-owned Aramco's IPO, indicating that the plan is still committed, and wait for appropriate circumstances and time.

According to the report earlier on Saudi Arabia had scrapped its plan to list Aramco on stock market, the Minister of Energy has denied that Saudi Arabia remains committed to the initial public offering of Saudi Aramco, in accordance with the appropriate circumstances and appropriate time chosen by the Government.

 

The report regarding Saudi Arabia scrapping Amaco’s IPO can be found here.