The board of directors of Saudi Aramco could give the final approval to what would be the world’s largest initial public offering (IPO) ever as soon as next week, Bloomberg reported on Thursday, citing people with knowledge of the plans. Aramco’s board has tentatively planned a meeting with the advisers to the listing around October 17 to review market conditions and feedback from a roadshow ending this week for seeking interest from possible anchor investors in the IPO, before approving the share sale, Bloomberg’s sources said. Yet, Aramco hasn’t made any final decision and it could still postpone or scrap those plans, according to the sources. Aramco is also reportedly rushing investment banks to draft the pre-IPO reports on the company in time for October 20, when the Saudi oil giant is reportedly planning to officially announce its intention to list shares on the stock market, according to an […]