Exclusive: Saudi's Rumayyan takes control of Aramco IPO executive committee - sources - Reuters:
The head of Saudi Arabia’s sovereign wealth fund was made head of an executive committee overseeing plans to float shares in Saudi Aramco before he was named new chairman of the state oil giant this week, five sources familiar with the matter said.
Yassir al-Rumayyan took over control of the committee from Finance Minister Mohammed al-Jadaan in July, the sources told Reuters, as preparations for the listing speed up.
A spokesman at wealth fund the Public Investment Fund referred queries to Aramco, which declined to comment. The finance ministry did not immediately respond to a request for comment.
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