Saudi Aramco CEO says IPO will 'certainly' happen

FILE PHOTO: Chief Executive Officer of ARAMCO, Amin Nasser speaks during an interview with REUTERS in Dhahran, Saudi Arabia, December 13, 2017. REUTERS/Hamad I Mohammed - Copyright HAMAD I MOHAMMED(Reuters)

By Reuters

Published on 12/11/2018 - 11:04•Updated 19/04/2024 - 08:58

Comments

ABU DHABI (Reuters) - Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will "certainly" happen when the conditions are right.

Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom's sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

(Reporting by Rania El Gamal; writing by Maher Chmaytelli)

Comments

You might also like