Post by dracon on Mar 15, 2018 7:52:52 GMT 4
Saudi Aramco investors forced to 'stay patient’ as IPO is reportedly delayed
Saudi Arabia's state-owned oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018.
However, Aramco's listing is now no longer expected to take place this year, according to a Financial Times report citing British officials briefed on the matter.
Indecision at the highest levels of Saudi Arabia's government is thought to have stoked frustration among company executives.
Saudi Arabia's state-owned oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018.
However, Aramco's listing is now no longer expected to take place this year, according to a Financial Times report citing British officials briefed on the matter.
Indecision at the highest levels of Saudi Arabia's government is thought to have stoked frustration among company executives.