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  • 21-01-18

    Saudi Aramco still ready for 2018 IPO

    (MENAFN) Saudi Arabia's the initial public offering (IPO) of Aramco is to be performed in 2018 second half, even though a decision on the listing venue hasn't been settled as of yet, according to the oil giant chief executive Amin Nasser.

    The chief confirmed "the company is ready for listing in 2018 when the decision is taken on the listing venue. We want to see if there is going to be a listing in another market (in addition to the Saudi Tadawul). There is a committee that is formed that looks into it and whenever the decision is taken the company is ready to implement."

    The sale of up to 5% of Saudi Aramco is considered as part of Vision 2030 which is a reform plan that targets economic reliance on oil to be diminished.

    MENAFN2101201800450000ID1096372113

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