Aramco cancels international roadshow prior to IPO

The Saudi state-owned oil company halts plans to promote itself before its initial public offering.
Photo: AHMED JADALLAH/REUTERS /
Photo: AHMED JADALLAH/REUTERS /
BY RITZAU FINANS

Saudi Arabia has given up on its plans to formally market the shares of state-owned oil company Aramco outside the kingdom and its Gulf region neighbors, marking the latest sign of reduced ambition for the initial public offering, reports Financial Times.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading