IPO to happen soon, domestic listing is primary one, says Saudi Aramco


Business, Companies

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(Photo: Representational)

Abu Dhabi: Saudi energy giant Aramco is ready for a two-stage initial public offering (IPO) but the timing is up to the government, its chief executive said Tuesday, flagging a possible foreign listing as part of the giant offering.

Aramco is "ready" for the IPO but the timing is a "government decision", Amin Nasser told reporters on the sidelines of the World Energy Congress. "One of the primary listings is going to be local but we are also ready for listing outside."