US President Donald Trump has in a tweet said he would appreciate Saudi Arabia “doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!”
Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!— Donald J. Trump (@realDonaldTrump) November 4, 2017
Last month, Mohammad bin Salman had told Reuters in an interview that Aramco’s initial public offering is on track for next year, and the national oil giant could be valued at more than $2 trillion.
Earlier, Yasir Bin Othman Al-Rumayyan, CEO of the Saudi Arabia's Public Investment Fund (PIF), also had that the Saudi Aramco IPO is on track for 2018. He was speaking last month at the landmark conference - The Future Investment Initiative (FII).
Aramco, which controls Saudi Arabia’s massive energy assets, plans to list nearly five percent of its shares in the stock market. The IPO is expected to be the largest in history.