Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and chairman of Saudi Arabian Oil Co. Doubts about the IPO of Saudi Arabian Oil Co., better known as Aramco, have grown in recent days as news organizations including The Wall Street Journal have reported that the kingdom may not go forward with the plan. The Journal reported last week that Aramco was interested in selling a stake to a private investor and that a Chinese company had made an offer. Asked if Saudi Arabia still planned a local listing for Aramco in Riyadh and an international listing, Mr. Falih said, “No change.” “You will know the venue and the exact date in due course,” said Mr. Falih, who also is Aramco’s chairman. Prince Mohammad bin Salman, the kingdom’s heir apparent, announced the IPO of up to 5% of Aramco in January 2016 and estimated the company’s […]