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  • 08-10-17

    Plan to list Aramco for 2018

    (MENAFN) Senior Saudi officials said in Moscow on Thursday that there is a plan going in the right direction to list Saudi Aramco in 2018.

    Aramco's Chief Executive Amin Nasser said at an energy meeting in Mosscow, "Work is ongoing to list Saudi Aramco in 2018; We will be looking at (evaluating) investors as we continue to make progress related to timing and location".

    The plan to float around 5 percent of Aramco in an initial public offering (IPO) is an attraction of Vision 2030, a wide-ranging reform plan to diversify the Saudi economy beyond oil which is being advocated by Saudi Crown Prince Mohammed bin Salman.

    MENAFN0810201700450000ID1095929534

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