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

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)

Updated 13 November 2018

Reuters

November 12, 2018 09:16

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

IPO will happen when conditions are right
Saudi Aramco still in discussions to buy a stake in Sabic

Updated 13 November 2018

Reuters

November 12, 2018 09:16

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.