Saudi Aramco IPO will ‘Certainly’ Happen: CEO

Tuesday, 13th November 2018
by Editorial Team

Attendees walk by a sign for the Saudi Arabian Oil Co. (Aramco) on display inside the King Abdulaziz Center for World Culture during a tour of the project in Dhahran, Saudi Arabia, on Friday, Nov. 25, 2016. When completed, the project designed for the Saudi Arabian Oil Co. (Aramco) will contain diverse cultural facilities, including an auditorium, cinema, library, exhibition hall, museum and archive. Photographer: Simon Dawson/Bloomberg via Getty Images

Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right, Reuters reported.

Saudi Aramco is still in talks over the purchase of a stake in petrochemicals company Saudi Basic Industries Corp (SABIC) from the Saudi Public Investment Fund, he added.