Saudi Aramco delays planned IPO until after earnings update: sources

FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

DUBAI/RIYADH (Reuters) – Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm, two sources familiar with the matter said on Thursday. Aramco had been expected to announce plans next week to float a 1% to 2% […]

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