Saudi concerned about risks with New York IPO for Aramco: CNN: "Saudi Arabia has concerns about the risks that oil giant Aramco would run by choosing New York as the venue for its $100 billion market listing, Energy Minister Khalid al-Falih said in an interview with CNN.
"I would say litigation and liability are a big concern in the U.S.," al-Falih was quoted as saying by CNN. "Quite frankly, Saudi Aramco is too big and too important for the kingdom to be subjected to that kind of risk." cnnmon.ie/2p1Jwdd
The government has said it plans to sell about 5 percent of Aramco, hoping to raise some $100 billion or more in what would likely be the world’s biggest initial public offering (IPO). "
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