Saudi Oil Minister Says Aramco IPO Could Be Delayed to 2019

Al-Falih says Saudi exchange will be ‘anchor’ listing
Minister says in interview Aramco IPO deadlines ‘artificial’

Saudi Arabia Energy Minister Khalid Al-Falih discusses the Saudi Aramco IPO and his U.K. visit.(Source: Bloomberg)

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By Annmarie Hordern, Glen Carey, and Grant Smith

March 8, 2018 at 1:41 PM UTC

Updated on

March 8, 2018 at 2:41 PM UTC

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Saudi Arabia’s energy minister hinted the initial public offering of the state oil company Aramco could be delayed until 2019, pushing back a central plank of Crown Prince Mohammed bin Salman’s plan to modernize the economy.

Khalid Al-Falih also said the IPO, potentially the largest ever, would be “anchored” by a listing on Saudi Arabia’s local exchange and any international listing would be announced in due course, if at all.