Saudi Aramco said Sunday the timing of its long-awaited stock market debut "will depend on market conditions.”
"The company continues to engage with the shareholders on IPO readiness activities," Aramco said in a statement to AFP.
"The company is ready and timing will depend on market conditions and be at a time of the shareholders' choosing," it said.
The latest news comes after Aramco chairman Yasir al-Rumayyan told a Saudi-Russian forum in Riyadh last week that the oil giant will announce its long-awaited stock market debut "very, very soon.”
In April, Aramco got its first credit ratings, and said that the company made a whopping $111 billion in 2018.
The world’s top oil producer also reported in August its first-half net income of $46.9 billion.