IPO of Saudi Aramco will take place until 2021


Saudi Arabian Crown Prince Mohammed bin Salman denied rumors that the state’s oil-producing company Saudi Aramco’s IPO was being postponed and could not be held, saying in an interview with Bloomberg that the initial public offering of oil giant would be held in late 2020 or early 2021. He expects the state company to be estimated by investors at about $2 trillion. Earlier, the date of placement of shares, which may be the largest in history, was postponed several times. According to experts, the IPO could raise $100 billion for Saudi Aramco.

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