Saudis Prepare for Possible Aramco IPO Delay to 2019 - Bloomberg
'Saudi Aramco said in statement the IPO "remains on track. '
'The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO related work is completed to the very highest standards on time.” It didn’t give a timeframe. '
'Saudi Arabia is also contending with weaker oil prices, which will help determine the value of Saudi Arabian Oil Co., as Aramco is formally known. '
'Previously, Saudi officials said a flotation was planned for some point in 2018. '
'Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter. '
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'Saudi Aramco said in statement the IPO "remains on track. '
'The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO related work is completed to the very highest standards on time.” It didn’t give a timeframe. '
'Saudi Arabia is also contending with weaker oil prices, which will help determine the value of Saudi Arabian Oil Co., as Aramco is formally known. '
'Previously, Saudi officials said a flotation was planned for some point in 2018. '
'Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter. '
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