Deals
Saudis Say Aramco IPO on Track for 2018 at `Davos in the Desert'
- Kingdom assessing options for international listing location
- Aramco not in talks with Chinese about strategic stake in IPO
Euronext CEO Says Aramco IPO Will Take Time
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Saudi Arabia reassured global investors that it’s on track to sell shares in oil giant Aramco in 2018 as the who’s who of global finance and business gathered in Riyadh for a conference dubbed the “Davos in the Desert.”
Yet, for the first time, Saudi officials made a clear distinction between the preparatory work, which they said will be completed on time, and the decision to go ahead with the IPO, which is in the hands of the government.