14-09-2017 14:54 via feedproxy.google.com

REPORT: The massive Saudi Aramco IPO might be delayed

Saudi Aramco's initial public offering might be pushed back.
Bloomberg's Javier Blas reports that Saudi Arabia is "preparing contingency plans" for the possible delay of its state-oil behemoth's IPO by a few months, into 2019.
In a statement, Saudi Aramco said the IPO "remains on track."
Saudi Aramco CEO Amin Nasser said earlier this year that the IPO is likely to happen in the second half of 2018.
The state-oil behemonth's IPO is a priority for the kingdom's leadership as it's the cen
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