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Tuesday, 11 October 2016

Saudi Aramco ‘optimistic’ 2018 right time for IPO | GulfNews.com

Saudi Aramco ‘optimistic’ 2018 right time for IPO | GulfNews.com:

"Saudi Arabia’s state-run energy giant Saudi Aramco is optimistic 2018 will be the right time for its IPO in what will likely be the biggest share offering in history, its chief executive said on Tuesday.
Speaking to the World Energy Congress in Istanbul, Amin Nasser confirmed that around 5 per cent of Saudi Aramco’s share capital is expected to be sold in the Initial Public Offering (IPO) but emphasised the final decision lay with Deputy Crown Prince Mohammad Bin Salman.
He said that, despite the current period of low oil prices, markets had started to recover, emphasising Saudi Aramco took a long term view with $300 billion (Dh1.1 trillion) of investment planned in the next decade focused on gas."



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