Al-Eqtisadiah on Sunday retracted a news item and apologized for the misinformation in a previously published report regarding the Saudi Aramco privatization plan.
The daily said in its retraction that the article stated that the privatization project was introduced as part of the Kingdom’s Vision 2030, and not the National Transformation Program 2020.
A number of media outlets such as AFP and Arab News quoted the story as was reported by the Saudi economic daily, Al-Eqtisadiah.
The daily added that the share amount which will be offered for sale is different than the figures published in its article, adding that the 5 per cent the daily claimed was far from reality and completely wrong.
Moreover, Al-Eqtisadiah's article was not based on any scientific analysis or any credible source, and the figures mentioned in the analysis were in Saudi riyals when it should have been in dollars, the daily said.
"Al-Eqtisadiah apologies to its valued readers and urges all media outlets that published the report to publish the above apology and clarification. The newspaper will investigate the publication of this misinformation," said the daily.
