Saudi Aramco CEO: Initial public offering will ‘certainly’ happen

Reuters
Saudi Aramco chief Amin Nasser also said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp, or Sabic. (AFP)
  • IPO will happen when conditions are right
  • Saudi Aramco still in discussions to buy a stake in Sabic

ABU DHABI: 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 sovereign wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

Topics: Oil gas Ƶ Markets IPO Aramco IPO economy 2030