[ad_1]
Saudi Arabia has canceled the national and international listing of state oil giant Aramco, considered the largest agreement of its kind in history, said Wednesday four industrial sources.
Financial advisors working on the listing proposal have been disbanded, Saudi Arabia is considering a proposal to acquire a "strategic stake" in the local petrochemical group Saudi Basic Industries Corp.
"The decision to terminate the IPO was made some time ago, but no one can disclose it.
Saudi Aramco did not immediately respond to a request for comment by e-mail. The Royal Saudi Court has no immediate comment.
[ad_2]
Source link
