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  Business   Companies  10 Sep 2019  IPO to happen soon, domestic listing is primary one, says Saudi Aramco

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

AFP
Published : Sep 10, 2019, 1:47 pm IST
Updated : Sep 10, 2019, 1:47 pm IST

Aramco is

(Photo: Representational)
 (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."

 

Tags: saudi aramco, initial public offering, ipo, amin nasser
Location: United Arab Emirates, Abu Dhabi, Abu Dhabi