When Crown Prince Mohammed bin Salman stated in early 2016 that he was planning to list Saudi Aramco (officially Saudi Arabian Oil Company) shares on a stock exchange, investors' enthusiasm was great. Nevertheless, almost four years have passed since then and the largest oil company in the world has not yet made an initial public offering of its shares. When it finally started to look promising, the drone attacks on the oil facility in the kingdom happened meaning that Saudi Aramco may postpone its intention again.
The Wall Street Journal reported that the state oil company representatives are considering postponing the long-awaited IPO again. Although some sources claim that the IPO will not be postponed, the company representatives have not yet officially commented on the situation.
Saudi Aramco intends to quote a total of 5 percent of the oil company's shares, making it the largest IPO in the world. Officially, according to the Crown Prince, the valuation of the Saudi Arabian company should be approximately $2 trillion, but analysts are inclined to downgrade it to $1.5 trillion.
The introduction of shares on the domestic market should be followed by listing abroad, especially in Tokyo or London. In any case, the timing remains solely in the hands of the Saudi Government.