JEDDAH: The stock-market launch of Saudi Aramco, the world鈥檚 biggest oil company, is expected to take place within two years, Khalid A. Al-Falih, the minister of energy, industry and mineral resources, confirmed on Wednesday.
His comments echo a similar timescale quoted by Aramco president and chief executive Amin Nasser to Arab News in January this year.
Arabic-language newspaper Okaz reported that Al-Falih鈥檚 comments on the timescale for the initial public offering 鈥� potentially the biggest stock-market flotation in history 鈥� came on Wednesday during his visits to the headquarters of Saudi Aramco Total Refining And Petrochemical, and Sadara Chemical Company.
Al-Falih confirms Saudi Aramco IPO expected within two years
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