Officials at Saudi Arabia’s state-owned oil company are considering giving up on their plan to list shares in New York, London or any other international stock exchange, and may instead offer shares only on the kingdom’s exchange in Riyadh, according to people familiar with the matter, reports The Wall Street Journal.

Saudi Arabia has received an offer from a Chinese investor interested in acquiring a stake in the oil company, and is considering the offer, according to one of the people familiar with the matter.