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Aramco's 2018 IPO Schedule Is Wavering

  • Al-Falih reveals first cracks in 2018 timing for offering
  • Saudi kingdom’s crown jewel may fetch $2 trillion valuation
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Saudi Aramco CEO Amin Nasser says the firm is "ready to be listed" in the second half of 2018.(Source: Bloomberg)
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Saudi Arabia’s oil minister said the initial public offering of oil giant Aramco will take place “when the time is right,” revealing the first crack in the kingdom’s earlier plan to debut the company this year.

“We hope that 2018 will be the right time, but ultimately we have to make sure the market is ready,” Khalid Al-Falih said the World Economic Forum in Davos.