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Aramco CEO: IPO preparations ongoing, no decision on venue abroad

From Reuters - November 12, 2017

KHOBAR, Saudi Arabia, Nov 12 (Reuters) - Preparations to float shares of Saudi Aramco next year are proceeding, but no decision has been taken yet on the venue for the international listing, the chief executive of the state oil company told Al Arabiya Television channel.

Preparations are proceeding to the fullest extent for listing in 2018, Amin Nasser told the channel in an interview aired on Sunday.

He was speaking after the company signed engineering and construction deals with international firms worth $4.5 billion .

Nasser told Al Arabiya Aramcos shares will certainly be listed on the Saudi stock market, Tadawul.

After extensive studies of other international stock markets, the right decision on the international venue will be taken at the right time, Nasser said.

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