The absence of Jamie Dimon from Saudi Arabia's Future Investment Summit should not be seen as a sign that Saudi Aramco's upcoming Initial Public Offering (IPO) is in some kind of trouble, the CEO for the Middle East and Africa at Deutsche Bank (XETRA: DBK-DE) told CNBC Tuesday. Saudi Aramco, the world's largest oil company, plans to list its shares on the Saudi domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018. However, JPMorgan boss, Jamie Dimon, was notable in his absence from Riyadh's so-called " Davos in the desert" event this week. When asked whether it should worry investors that a major CEO from one of the lead underwriters for the Saudi Aramco's IPO was missing from the conference in Riyadh Tuesday, Deutsche Bank's Jamal Al Kishi said: "I think that interpreting that as a sign that the process is derailed or in some kind of trouble is probably a bridge too far in my view." Reportedly, Saudi Aramco has appointed JPMorgan Chase (NYSE: JPM) , Morgan Stanley (NYSE: MS) and HSBC (: HSFC'B) to assist with its mammoth IPO next year. On Monday, Saudi Aramco's chief executive Amin Nasser told CNBC the plan to take a portion of the oil giant's business public in 2018 remained on track . Al Kishi said there would be "no reason to doubt" Nasser's comments, before adding, "If there were complications, those will be dealt with and that's natural for a company the size of Saudi Aramco." The absence of Jamie Dimon from Saudi Arabia's Future Investment Summit should not be seen as a sign that Saudi Aramco's upcoming Initial Public Offering (IPO) is in some kind of trouble, the CEO for the Middle East and Africa at Deutsche Bank (XETRA: DBK-DE) told CNBC Tuesday. Saudi Aramco, the world's largest oil company, plans to list its shares on the Saudi domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018. However, JPMorgan boss, Jamie Dimon, was notable in his absence from Riyadh's so-called " Davos in the desert" event this week. When asked whether it should worry investors that a major CEO from one of the lead underwriters for the Saudi Aramco's IPO was missing from the conference in Riyadh Tuesday, Deutsche Bank's Jamal Al Kishi said: "I think that interpreting that as a sign that the process is derailed or in some kind of trouble is probably a bridge too far in my view." Reportedly, Saudi Aramco has appointed JPMorgan Chase (NYSE: JPM) , Morgan Stanley (NYSE: MS) and HSBC (: HSFC'B) to assist with its mammoth IPO next year. On Monday, Saudi Aramco's chief executive Amin Nasser told CNBC the plan to take a portion of the oil giant's business public in 2018 remained on track . Al Kishi said there would be "no reason to doubt" Nasser's comments, before adding, "If there were complications, those will be dealt with and that's natural for a company the size of Saudi Aramco."
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