Saudi Aramco IPO pushed back to 2019

Saudi Arabian officials have informed their British peers that it is unlikely that Saudi Aramco will complete its initial public offering in 2018.

Photo: Hasan Jamali/AP/Polfoto/Arkiv

State-owned Saudi Arabian oil major Saudi Aramco will not be listed in 2018, reports the Financial Times.

With an estimated value of USD 2,000 billion, Saudi Aramco seems to have good chances of completing an IPO on the London Stock Exchange, but the company has ruled out the possibility of a foreign listing before 2019.

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