Saudi Arabia officials are discussing delaying Aramco's initial public offe...
FILE PHOTO: Logo of Saudi Aramco in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo
The company is expected to move forward with presentations to analysts and meetings with bankers as planned. However, Saudi energy officials and Aramco executives are debating a rescheduling of the IPO until after the company fully restores its production to normal levels. Yemen’s Houthi Group on Saturday claimed responsibility for the drone attacks on two Aramco’s plants.
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