REPORTS

CEO: Saudi Aramco’s stake sale planned for second half of 2018

Tuesday, 17 January 2017

Amin Nasser, President and CEO of Saudi Oil Company Aramco, told Al-Arabiya on the sidelines of the World Economic Forum at Davos that the New York Stock Exchange is one of the markets which Aramco is still considering for initial public offering (IPO) despite the JASTA law.

Nasser said Aramco is still in the direction of offering shares in the second half of 2018 and not in the first quarter of the year.
"We are looking at all markets. The company is serious in considering all stock markets, including New York, London, Hong Kong and others. We continue to review markets, including New York's, despite the JASTA law," he added.
 

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