DUBAI/RIYADH: Saudi Aramco has delayed the planned launch of its initial public offering , as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday.
The second source said the offering had been postponed, and there was currently no new date set for the listing. Earlier this month, Energy Minister Prince Abdulaziz bin Salman said Saudi Arabia had fully restored oil output, which allowed it to focus on the IPO.