Saudi Aramco's international IPO delay makes sense as oil rallies, investor says

The long-awaited international listing of Saudi Aramco is likely to be delayed, but the wait makes sense as oil prices are tipped to touch $80 per barrel, said Fadi Arbid, founding partner and chief investment officer at Amwal Capital Partners. The state-owned oil firm is expected to list on the Saudi stock exchange in the second half of the year, but an international listing is said to have been temporarily shelved. The much-anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $80 per barrel, a private equity investor said.