Gulf national oil companies unlikely to go Aramco way, says official | ZAWYA MENA Edition:
"Saudi Aramco’s proposed Initial Public Offering (IPO) is not going to spark an IPO trend among the region’s national oil companies (NOCs) as is widely believed, according to NBK Capital’s Managing Director and Head of Investment Banking, Rani Selwanes.
Speaking at a panel discussion on energy financing at the Petroleum Economist Energy Strategy Forum in Kuwait recently, Selwanes said a key challenge for the region’s NOCs would be the “governance and transparency” standards expected of listed companies.
He said: “[Whether it is] London Stock Exchange, New York Stock Exchange, Hong Kong Stock Exchange, each of these has stringent regulatory measures that you would have to comply. The decision-making would involve foreign regulators and institutional shareholders interfering in what you do.”"
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