The much-anticipated international listing of Saudi Aramco — the world’s largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $80 per barrel, a private equity investor said.
The state-owned oil firm is expected to list on the Saudi stock exchange in the second half of this year, but an international listing — which was at one point tipped to happen at the same time — is said to have been temporarily shelved.
“Timing is of the essence,” Fadi Arbid, founding partner and chief investment officer at Amwal Capital Partners, told CNBC’s “Capital Connection” on Tuesday. […]
https://www.cnbc.com/2018/04/24/amwal-capital-partners-on-saudi-aramco-ipo-saudi-arabia-economy.html
