Saudi Aramco to restart preparations for $2trn IPO

Pedro Gonçalves
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Saudi Aramco to restart preparations for $2trn IPO

Saudi Arabia is restarting preparations for a initial public offering of oil giant Aramco, months after putting the planned listing on hold, with the kingdom's energy minister confirming plans for the listing to proceed in 2020 or 2021. Saudi Arabia is reportedly in talks with international investors over an initial public offering (IPO) once it has completed a merger with the petrochemicals company Saudi Basic Industries Corp (Sabic).  "Bankers previously involved in the IPO are pushin...

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