Aramco will issue the prospectus for its initial public offering before this month’s end, the Wall Street Journal reported , citing people familiar with the preparations for the biggest IPO in history. The Arabic version of the document that will promote the Saudi state energy giant among investors will come out on October 25, with the English version to follow two days later, on the 27 th . Next month, book-building will begin to test the waters for actual investor interest. Based on this, the company will either proceed with the listing—initially on the local Tadawul exchange—or postpone it. In the meantime, Saudi expert Ellen R. Wald wrote for Forbes that the Aramco listing could create a headache for local regulators. There have been reports that a lot of regular Saudis will take on debt to buy shares in Aramco and, according to Wald, this might lead to a […]