image

IPO

IPO

A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain on September 27, 2016. Photo: Reuters

Saudis may delay Aramco’s US$100 billion IPO to 2019

Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.

1