Saudi Aramco delays planned IPO to allow for earnings update, sources say

Saudi Aramco delays planned IPO to allow for earnings update, sources say

An employee walks past crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Oct. 1, 2018. Simon Dawson | Bloomberg | Getty ImagesSaudi Aramco has delayed the planned launch of its initial public offering, as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday.

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