Al-Falih confirms Saudi Aramco IPO expected within two years

Al-Falih confirms Saudi Aramco IPO expected within two years
Saudi Arabia's Energy Minister Khalid al-Falih. (REUTERS)
Updated 07 March 2019

Al-Falih confirms Saudi Aramco IPO expected within two years

Al-Falih confirms Saudi Aramco IPO expected within two years

JEDDAH: 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.
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.