Saudi Aramco has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday. The world’s largest oil firm was to announce plans next week to float a 1% to 2% stake on the kingdom’s Tadawul market before a possible international listing. However, after a Sept. 14 attack on its Abqaiq and Khurais plants knocked out half the crude output of the world’s top exporter, Aramco wants to reassure investors by presenting results covering the period, the two sources said, speaking on condition of anonymity as the information is not public. “They want to do all what they can to […]