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Monday, 6 March 2017

Saudi Aramco to list locally and abroad in second half of 2018: CEO | Reuters

Saudi Aramco to list locally and abroad in second half of 2018: CEO | Reuters:

"Oil giant Saudi Aramco will be listed locally and abroad in the second half of 2018, and the process is going according to plans, Chief Executive Amin Nasser said on Monday. The IPO is the centerpiece of the Saudi government's ambitious plan, known as Vision 2030, to diversify the economy away from oil. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one or more international markets. "We have always said the listing will happen in the second half of 2018, everything is going very smoothly, we are evaluating different stock exchanges," Nasser, speaking at an industry conference in Bahrain, said."



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