Question

Aramco ipo called off under king salman, real reforms needed for saudi transition

Answer 1

Answer:

Explanation:

Multiple sources told CNBC it would be inaccurate to say Aramco has canceled the IPO. ... One source said the decision to cancel the IPO had been made “some time ago.” Aramco is now focusing on acquiring a stake in Saudi Basic Industries, or SABIC, a domestic petrochemical company, source told CNBC.