Banking Law News

Aramco to Give Green Light for World’s Biggest IPO Next Week (1)

Oct. 10, 2019, 12:44 PM

Saudi Aramco’s board is expected to give final approvals to proceed with its mammoth share sale next week, according to people familiar with the matter.

The board is planning to meet with its advisers on the initial public offering around Oct. 17, the people said, asking not to be identified because the matter isn’t public. The oil giant will gauge market conditions and assess feedback from a roadshow for potential cornerstone investors that ends this week before giving the final go ahead, the people said.

Related: Why Aramco’s Stop-Start Is No Ordinary Share Sale:

Aramco is speeding up preparations...

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