Saudi Aramco is moving forward with its plans for an IPO after drone attacks crippled its oil production, and new details suggest some shares will be offered before 2020. The state-owned oil company plans to sell 1% to 2% of its shares on Saudi Arabia's domestic exchange as soon as November, the Wall Street Journal reported Tuesday. A prospectus will be published in late October, sources said.
Saudi Aramco is moving forward with its plans for an IPO after drone attacks crippled its oil production, and new details suggest some shares will be offered before 2020. The state-owned oil company plans to sell 1% to 2% of its shares on Saudi Arabia's domestic exchange as soon as November, the Wall Street Journal reported Tuesday. A prospectus will be published in late October, sources said.