Riyadh – Mubasher: The initial public offering (IPO) of Saudi Aramco is likely to be delayed until 2019, British officials said on Monday, citing Saudi officials.
The London Stock Exchange (LSE) still has an opportunity to host the listing of the world's largest oil producer, sources familiar with the matter told the Financial Times.
If the Middle Eastern oil giant decided to list its shares abroad, the local and international IPOs will be implemented within the same period, they added.
The IPO may be taken place during the first quarter of 2019 or Q2-19, a source close to the talks said.
During the previous period, Saudi government was aiming to list Aramco by H2-18.
The state-owned crude producer is expected to sell 5% of its shares, which would likely be the world's biggest IPO.