Aramco says IPo timing ‘on track’ after report of delay

摘要

Washington-Saudi Aramco dismissed a report Thursday that it is preparing for a potential delay to its initial public offering by a few months to 2019. “The initial public offering of a stake in Saudi Aramco remains on track,” the state- owned oil company said in a statement. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO related work is completed to the very highest standards on time.”