Saudi Aramco IPO to Be Launched Within Two Years

Published March 7th, 2019 - 08:12 GMT
Saudi Aramco IPO to Be Launched Within Two Years (Shutterstock)
Saudi Aramco IPO to Be Launched Within Two Years (Shutterstock)

The stock-market launch of Saudi Aramco, the world’s biggest oil company, is expected to take place within two years, Khalid A. Al-Falih, the minister of energy, industry and mineral resources, confirmed on Wednesday.

His comments echo a similar timescale quoted by Aramco president and chief executive Amin Nasser to Arab News in January this year.

Read More

Saudi Aramco: Oil Industry Faces 'Crisis of Perception'
Total, Saudi Aramco $1 Billion Project to Create Thousands of Jobs in Saudi Arabia

Arabic-language newspaper Okaz reported that Al-Falih’s comments on the timescale for the initial public offering — potentially the biggest stock-market flotation in history — came on Wednesday during his visits to the headquarters of Saudi Aramco Total Refining And Petrochemical, and Sadara Chemical Company.


Copyright: Arab News © 2022 All rights reserved.

You may also like