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Saudi Aramco shelves international investor roadshows

Saudi Aramco cancelled planned roadshows in Asia, the US and Europe in November, after a luke-warm reception from international investors for its long-awaited initial public offering (IPO).

Investors valued the state-owned company below the $2tn target set by Crown Prince Mohammed bin Salman.

Saudi Aramco is expected to now focus on marketing in the Middle East.

News Item details

Journal title: Petroleum Review

Region: Middle East

Countries: Saudi Arabia -

Subjects: Operating company - Economics, business and commerce - Business management - Banking, finance and investment -

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