As Oil Rises, Immediate Need for Saudi Aramco IPO Decreases
Posted on 08/24/2018
Saudi Arabia’s Public Investment Fund (PIF) tapped the debt markets for an US$ 11 billion loan to enhance its financial flexibility, while the initial public offering (IPO) of state-owned oil giant Saudi Aramco is stalled to year 2020 or indefinitely. In August, Saudi Energy Minister Khalid al-Falih reaffirmed reporters Saudi Arabia is not shelving the […]
