Saudi Arabia is still considering secondary locations for the flotation of oil giant Aramco after primary location Riyadh, Finance Minister Mohammed al-Jadaan said in an interview with Bloomberg TV on Wednesday.
“We are still considering secondary market options,” for the international leg of the IPO, Jadaan said, adding the government is committed to the transaction.
He also said there would be little impact on the economy from the attacks on Aramco facilities.
“Saudi Arabia has weathered significantly worse situations than what we have seen now,” he said. “The interruption in terms of the economy, in terms of revenue, is zero.”
-
Aramco hires nine banks for IPO top roles: Sources
Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world’s ... Energy -
Saudi Aramco ready for IPO: CEO
Speaking at the 24th World Energy Congress in Abu Dhabi, Amin Nasser, the CEO of Saudi Arabian oil giant Aramco, said the company is ... Financial Markets -
Saudi Arabia aiming for Aramco IPO as soon as possible
Saudi Arabia's newly appointed energy minister, Prince Abdulaziz bin Salman, said on Monday that the Kingdom is aiming for an initial public offering ... Energy