Monday 24 April 2017

Saudi Aramco names company veteran to oversee IPO preparations - sources | Reuters

Saudi Aramco names company veteran to oversee IPO preparations - sources | Reuters:

"State oil giant Saudi Aramco has appointed company veteran Motassim al-Maashouq to officially oversee preparations for its initial public offering (IPO), industry sources told Reuters.

Maashouq, who most recently worked as vice president of corporate planning and is viewed by industry insiders as well connected with the financial community, has taken up the position of vice president of IPO development, the sources said.

Saudi Aramco said it did not comment on rumour or speculation."



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