It has been a while since the last assurance from a senior Saudi official that the initial public offering of oil giant Aramco is going ahead as planned, and this time the assurance comes from the top: Crown Prince Mohammed himself told Saudi daily Asharq Al Awsat that the IPO is on track for 2020 or 2021, depending on market conditions, The National reports . Ahead of that, in August this year, the company would hold its first earnings call. The listing of 5 percent in Aramco, which last year emerged as the world’s most profitable company booking US$111.1 billion in annual net earnings, is the foundation of the Crown Prince’s ambitious economic diversification program dubbed Vision 2030. While some have questioned the valuation of the company, its recent maiden international bond worth US$12 billion drew an estimated US$100 billion in investor interest. The IPO, however, has been surrounded […]