Monday, 12 November 2018

Saudi Aramco CEO says IPO will 'certainly' happen | ZAWYA MENA Edition

Saudi Aramco CEO says IPO will 'certainly' happen | ZAWYA MENA Edition:

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will "certainly" happen when the conditions are right.

Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom's sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

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