Saudi Aramco Public Listing May Be Delayed Until 2019<br />The company’s potential market debut, a centerpiece of an ambitious economic overhaul of Saudi Arabia led by Crown Prince Mohammed bin Salman, has drawn the interest of investors around the world —<br />and political leaders hoping to win the listing for that country.<br />The current plan is to have Aramco trade on both the kingdom’s Tadawul stock exchange<br />and a major foreign stock market, which would provide both prestige and the deep amount of investor money needed to support a multibillion-dollar listing<br />Aramco had been expected to begin trading on a public stock market later this year, but, according<br />to a person briefed on the company’s planning, that is now likely to happen next year.<br />Aramco is one of the giants in the world of oil production,<br />and its initial public offering is likely to be valued at a minimum of several hundred billion dollars.<br />Mr. bin Salman has also overseen a very public anti-corruption campaign in which scores of fellow royals were detained.<br />By MICHAEL J. de la MERCEDMARCH 11, 2018<br />Investors waiting for the chance to buy a piece of Aramco, Saudi Arabia’s state-owned oil behemoth, will have to wait.
