Saudi Aramco sees slowed progress in planned IPO of trading unit - sources

Reuters · 05/11/2023 06:42
Saudi Aramco sees slowed progress in planned IPO of trading unit - sources

- Saudi Aramco 2222.SE has seen progress slow for the planned initial public offering of its energy-trading unit, two sources with knowledge of the matter said on Thursday.

Bloomberg earlier reported the oil giant would postpone the IPO, citing people with knowledge of the matter.


(Reporting by Maha El Dahan in Dubai and Aziz El Yaakoubi in Riyadh; Writing by Yousef Saba
Editing by Mark Potter)

((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))