Stop the Saudi Aramco plan and relieve the process advisors



Saudi Arabia has canceled the national and international bid for the country's largest oil giant, Aramco, which would have been the largest of its kind in history, said four major sources on Wednesday.

Two sources said the financial advisers had been demobilized when Saudi Arabia turned its attention to a proposed acquisition of a "strategic interest" in the local petrochemical plant Saudi Basic Industries Corporation (SABIC).

Saudi Aramco has yet to respond to an e-mail message.


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Stop the Saudi Aramco plan and relieve the process advisors



Saudi Arabia has canceled the national and international bid for the country's largest oil giant, Aramco, which would have been the largest of its kind in history, said four major sources on Wednesday.

Two sources said the financial advisers had been demobilized when Saudi Arabia turned its attention to a proposed acquisition of a "strategic interest" in the local petrochemical plant Saudi Basic Industries Corporation (SABIC).

Saudi Aramco has yet to respond to an e-mail message.


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