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Aramco CEO: IPO will happen soon, domestic listing is primary one

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By Reuters
Aramco CEO: IPO will happen soon, domestic listing is primary one
FILE PHOTO: Saudi Aramco CEO Amin Nasser speaks during the Saudi-India Forum in New Delhi, India, February 20, 2018. REUTERS/Anushree Fadnavis   -   Copyright  ANUSHREE FADNAVIS(Reuters)

ABUDHABI (Reuters) – Saudi Aramco’s chief executive, Amin Nasser, said on Tuesday that an initial public offering of the state oil giant would happen “very soon” but that the ultimate decision on the timing and venue rested with the government.

Nasser said a domestic IPO was the company’s primary listing but that Aramco was also ready for an international offering.

(Reporting by Rania ElGamal; Writing by Tuqa Khalid; Editing by Ghaida Ghantous and Davide Barbuscia)