Saudi Oil Minister Says Timing of Aramco IPO ‘Isn't Critical’
- Khalid Al-Falih says it would be "nice" if it happens in 2019
- Saudi Arabia had already pushed back IPO from 2018 to 2019
Source: Saudi Aramco
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Saudi Oil Minister Khalid Al-Falih signaled the possibility the initial public offering of Saudi Aramco could be delayed beyond 2019, saying that "timing isn’t critical for the government of Saudi Arabia."
Asked at conference in Vienna whether the IPO would happen in 2019, Al-Falih said only "that it would be nice." The plan to sell shares in the state oil giant next year was itself a delay from an original plan for 2018.