Timeline: Saudi Aramco's winding road to an IPO

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Timeline: Saudi Aramco's winding road to an IPO
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Saudi Arabia's state oil company finally kick-started its initial public of...

- Saudi Arabia’s state oil company finally kick-started its initial public offering on Sunday, announcing its intention to list nearly four years after Crown Prince Mohammed bin Salman first floated the idea.

Oct 8, 2019 - The Saudi central bank vets local lenders’ exposure to Saudi Aramco ahead of an initial public offering of the state-oil giant that will likely see large numbers of Saudi investors seek loans to buy its stock, three sources familiar with the matter said. Sept 25, 2019 - Saudi Arabia restores its oil production capacity to 11.3 million barrels per day, three sources briefed on Saudi Aramco’s operations tell Reuters, maintaining a faster than expected recovery after the Sept. 14 attacks.

Sept 9, 2019 - Saudi Arabia plans to list 1% of Saudi Aramco on the Riyadh stock exchange before the end of 2019 and another 1% in 2020, sources tell Reuters.

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