The state oil giant, the world's most profitable company, fired the starting gun on its initial public offering (IPO) on November 3 after a series of false starts that had kept the investment world guessing.
Aramco was expected to launch the first part of a two-stage IPO earlier in October, but the process has been delayed, reportedly due to the prince's dissatisfaction with the valuation of the firm, which had been hoped to reach USD 2 trillion.