Aramco has asked FTI Consulting to suspend investor relations work on its upcoming initial public offering, according to unnamed sources who spoke to Reuters. The sources did not elaborate on the reasons the Saudi state energy company made the move, but one of them said this could now extend the responsibilities of another advisory firm, Brunswick. Aramco appointed FTI Consulting to advise it on the IPO in March this year and Brunswick joined it a couple of months later, to be in charge of external and media relations, while FTI was tasked with investor relations. The news comes amid growing doubts about whether the IPO will take place as scheduled and whether it will involve an international listing. Yesterday, Saudi Energy Minister Khalid al-Falih told Bloomberg that the IPO preparations were going according to plan, and that the listing would take place in the second half of 2018 as […]