Saudi Aramco IPO may be delayed until 2019 at earliest, says report

Saudi Aramco IPO may be delayed until 2019 at earliest, says report

Numerous detainees have been released so far after forking out exorbitant amounts reaching as high as one billion dollars.

Cities including London and NY have for months been vying to be awarded the deal, but Saudi Arabia's energy minister, Khalid al-Falih, last week said that the company was too important to risk a transaction in the U.S., because of litigation concerns that could stem from existing lawsuits against other oil firms for their role in climate change.

During months of captivity, many were subject to coercion and physical abuse, witnesses said.

Financial advisers and associates of the detainees have told the New York Times that numerous assets of those detained have yet to be seized and most of those already seized are domestic real estate and shares of companies that could take years to liquidate. That came mostly in the form of land, stakes in businesses, and other assets rather than cash.

"We signed away everything", a relative of a former detainee, said.

US President Donald Trump will hold talks with Saudi Arabia's Crown Prince Mohammed bin Salman at the White House on March 20, a presidential spokesperson said today.

More news: US House Republicans find no Trump-Russia collusion

The Saudi government categorically denied the allegations of abuse and oppression made in the New York Times article, insisting that stern measures were needed to reform the Saudi system and the public supports both the anti-corruption campaign and Crown Prince Mohammed's ambitious reform agenda.

The powerful crown prince, who has consolidated his grip on various sectors in Saudi Arabia since his appointment last June, is overseeing the kingdom's plan to sell under 5% of the state-owned oil giant.

Evidence of such abuse has been slow to emerge, but officials from two western governments said they deemed the reports credible.

"One person who saw the corpse of the officer, Maj".

The report alleges al-Qahtani's "neck was twisted unnaturally as though it had been broken" and his body also had burn marks, which were believed to be a result of electric shocks.

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