Aramco announced they were working towards an IPO listing three years ago ---but that didn't work out. They couldn't make it happen.
and all along they were pointing to a 2018 target which they said in June was delayed, not canceled. Nothing officially has changed if you bothered to actually read the OFFICIAL statement from Aramco not the Rueters "oh we heard this" press piece.
The Aramco announcement a week ago said they were POSTPONING all further work on the IPO. Obviously you don't know what the word "postponing" means....haahahahahah! It means they are shelving the IPO. This is an INDEFINITE POSTPONEMENT. At the moment there is no date set for the IPO process to resume. There aren't even any firm plans for the IPO process to resume.
YOu are truly either a complete idiot or just illiterate. The only official statement from Aramco was (as I posted earlier in this thread):
Saudi Arabia denied media reports that the kingdom has scrapped plans to list shares of state-owned energy giant Aramco on stock exchanges.
Khalid al-Falih, the Saudi Minister of Energy, Industry and Mineral Resources and Chairman of Saudi Aramco, said in a statement on Thursday: "The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum."
"This timing will depend on multiple factors, including favorable market conditions, and a downstream acquisition which the Company will pursue in the next few months," al-Falih said.
he was further quoted as stating:
"The company, for its part, has completed its internal program for IPO preparedness," al-Falih said in his Thursday statement, adding that bylaws had been amended, and the state oil giant has been converted to a joint stock company as Aramco tries to ensure that its internal financial reporting aligns with potential listing venue requirements.
"This is all positive progress on what is a complex process, preparing the company and the Kingdom for what will ultimately be a global landmark market offering of unprecedented quality and scale," the statement said.
Aramco may restart the IPO process at some point in the future, but for now it is shelved.
not according to ARAMCO, as noted from their statement.
YOu are purposefully conflating the Reuters article and the other pieces of press that are based entirely on the Reuters article with what has been said by ARAMCO. The Reuters article does not identify sources and the latest one ignores the fact that the Chairman of ARAMCO actually pointed them to his recent statement.
Bottom line is ARAMCO has not canceled the IPO process, they continue to work on it and have put themselves in a place where they can execute when they want to.
The two investment banks have not stated they have been released, given they are publicly traded companies and this would be a material event a press release would be required if that were to happen.
As to the rest of your nonsense...grow up and someone might actually take you seriously.