Saudi Aramco aims to begin planned IPO on November 3
Updated : October 29, 2019 12:40 PM IST
Saudi Aramco aims to announce the start of its initial public offering (IPO) on November 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Separately, Aramco has not approached the Kuwait Investment Authority (KIA) to invest in the IPO, the sovereign wealth fund's managing director Farouk Bastaki said on Tuesday.
Published : October 29, 2019 12:40 PM IST