Saudi Arabia Is Said to Call Off Aramco IPO, Reuters Reports

(Bloomberg) -- Saudi Arabia has called off both the domestic and international stock listing of state oil giant Saudi Aramco and disbanded advisers, Reuters reports, citing four unidentified industry sources.

  • "The decision to call off the IPO was taken some time ago, but no-one can disclose this, so statements are gradually going that way - first delay then calling off," an unidentified Saudi source told Reuters.
  • Saudi Aramco didn’t immediately respond to an emailed request for comment from Reuters.

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