‘No reason to doubt’ Saudi Aramco IPO is actually on track for 2018

The absence of Jamie Dimon via Saudi Arabia’s Future Investment Summit should not be seen as a sign in which Saudi Aramco’s upcoming Initial Public Offering (IPO) is actually in some kind of trouble, the CEO for the Middle East in addition to also Africa at Deutsche Bank told CNBC Tuesday.

Saudi Aramco, the earth’s largest oil company, plans to list its shares on the Saudi domestic stock market — the Tadawul — in addition to also one or more foreign exchanges from the second half of 2018. However, JPMorgan boss, Jamie Dimon, was notable in his absence via Riyadh’s so-called “Davos from the desert” event This particular week.

When asked whether in which should worry investors in which a major CEO via one of the lead underwriters for the Saudi Aramco’s IPO was missing via the conference in Riyadh Tuesday, Deutsche Bank’s Jamal Al Kishi said: “I think in which interpreting in which as a sign in which the process is actually derailed or in some kind of trouble is actually probably a bridge too far in my view.”

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