Tuesday 10 September 2019

#Saudi Aramco chief says IPO to happen ‘very soon’ | Financial Times

Saudi Aramco chief says IPO to happen ‘very soon’ | Financial Times:

Saudi Aramco’s chief executive Amin Nasser said the oil giant’s initial public offering would take place “very soon”, with a primary listing on its home market of Riyadh. 


Echoing the new Saudi energy minister’s comments on Monday, Mr Nasser on Tuesday said the decision on any overseas listing remained with the firm’s government shareholder.

“The primary listing is going to be locally, but we are also ready to list outside the Kingdom,” he told reporters at an energy congress in Abu Dhabi.

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