Reuters reported Aug. 22 that the initial public offering of stock in the Saudi Arabian Oil Co. had stalled and that the panel of financial advisers that had been working on it had been disbanded as Riyadh looks at alternatives. But while it appears to be down, the IPO of the national oil company may not officially be out. Saudi Energy Minister Khalid al-Falih said that the government still aims to go through with the sale when market conditions are right. For now, however, it's evident that the Saudi Aramco IPO -- the centerpiece of funding for Crown Prince Mohammed bin Salman's lofty Vision 2030 plan for reform -- is unlikely to move forward any time soon....
