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

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.

To contact the reporter on this story: Rita Devlin Marier in San Francisco at rdevlin5@bloomberg.net

To contact the editors responsible for this story: Clementine Fletcher at cfletcher5@bloomberg.net, Jim Silver

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