Saudi Aramco: IPO Work to be Completed in H2

Saudi Aramco Chief Executive Officer Amin Nasser said on Thursday that all work required from the oil giant for its initial public offering (IPO), which could be the biggest in history, will be completed in the second half of 2018.
 
Speaking at a conference in London, Nasser added that the decision on the listing venue "and the rest is a job for the shareholder".
 
Saudi Crown Prince Mohammed bin Salman on Wednesday embarked on a trip to Britain and the United States, which could shape the decision on where to list the company.
 

London and New York are among the leading financial centres seen as frontrunners to host the international leg of the flotation alongside a Riyadh listing.

 

Reporting by Dasha Afanasieva and Clara Denina 

Current News

COP28 Draft Text Sets New Options on Fossil Fuel Phase Out

COP28 Draft Text Sets New Opti

OPEC Chief Urges Members to Reject Any COP28 Deal that Targets Fossil Fuels

OPEC Chief Urges Members to Re

GATE Energy Awarded Woodside Trion FPU Commissioning

GATE Energy Awarded Woodside T

FTC Seeks Additional Data on Chevron-Hess Deal

FTC Seeks Additional Data on C

Subscribe for OE Digital E‑News

Offshore Engineer Magazine