[size=36]Financial Times: Saudi Aramco delays IPO[/size]
Economy | 08:40 - 19/10/2019
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Saudi Aramco has postponed its planned IPO and wants to wait until it can provide investors with full information on its latest quarterly profit following two mid-month attacks that temporarily cut the kingdom's production, the Financial Times quoted informed sources as saying. .
"They want to do everything in their power to reach the target value," Reuters quoted an informed source as saying.
Aramco is expected to officially announce next week its plan to launch its IPO, which is likely to raise $ 20 billion.