Saudi Aramco pursues IPO planning despite attack damage doubts

RIYADH/LONDON: Saudi Aramco is pressing on this week with banker meetings about its planned listing, three sources said, although some investors and analysts doubt it can now meet its timeline after the weekend attacks on its oil facilities.

Reuters has reported it could take months for Aramco, the world’s biggest oil firm, to restore output after Saturday’s attacks, which cut production by 5.7 million barrels per day, some 5% of world oil supply.