Saudi Oil Minister: Timing of Aramco IPO ‘Isn’t Critical’

Saudi Oil Minister: Timing of Aramco IPO 'Isn't Critical'

Saudi Arabian Energy Minister Khalid al-Falih said on Thursday it would be “nice” to see Saudi Aramco floated on the stock exchange next year, but he added the timing was not critical to the Saudi government.

Speaking in Vienna, Falih said Saudi Arabia’s Tadawul bourse would be Aramco’s primary listing, with an international secondary listing to be determined to some extent by where the market for its products is, which is “shifting to the east”. 

Read on The Source


Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About