hmmmm…
Saudi Arabia Calls Off Aramco IPO, Disbands Advisors
https://www.zerohedge.com/news/2018-08-22/saudi-arabia-calls-aramco-ipo-disbands-advisors
"Two years ago, when the Aramco IPO was first floated, bankers on Wall Street declared a week-long fee orgy: after all, the $1+ trillion IPO - the biggest in history - was going to result in an underwriting fee bonanza. However, it was not meant to be, and last October the first reports emerged that the IPO would not happen over Saudi concerns over financial transparency, venue of the listing, and how much information investors would demand from Saudi Arabia.
Then, almost two months ago, the FT reported that the Aramco IPO "almost certainly wouldn't happen," and moments ago Reuters' sources confirmed that Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco.
The financial advisors working on the proposed listing have also been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition of a “strategic stake” in local petrochemicals maker Saudi Basic Industries as we reported one month ago."
Shifting targets and priorities? I think mbs and sa found another means to fund their plans.