Al-Falih hints Aramco IPO could be postponed to 2019

10/03/2018 Argaam

 

Saudi energy minister Khalid Al-Falih hinted that the initial public offering (IPO) of Saudi Aramco could be delayed until 2019, Bloomberg reported.

 

“Between December 31st and January 1st there is no value lost for the Kingdom,” Al-Falih said in an interview in London.

 

Al-Falih also said the IPO would be “anchored” by a listing on Saudi stock exchange (Tadawul) and any international listing would be announced in due course, if at all.

 

“We have created the framework – fiscal and otherwise regulatory – for Saudi Aramco to be listed this year. The actual timing will be announced when we feel that the conditions for the success of that listing are in place,” he added.

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