Aramco ready for foreign float alongside primary domestic listing - Reuters:
Saudi Aramco is primed to float on international markets to complement a planned domestic initial public offering (IPO) which has been selected as its primary listing, the state oil giant’s chief executive said on Tuesday.
An IPO of Saudi Aramco would happen “very soon”, Amin Nasser cited the kingdom’s new energy minister Prince Abdulaziz bin Salman as saying, adding that the ultimate decision on the venue and timing of the flotation rested with the Saudi government.
“We have always said that Aramco is ready whenever the shareholder makes a decision to list ... so we are prepared, that’s the bottom line,” Nasser told reporters.
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