Saudi Arabia formally announces Aramco IPO, saying a domestic listing will happen in December
An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.Saudi Arabia has officially launched its initial public offering for its state-owned oil company Saudi Aramco on Sunday, announcing that a domestic listing will happen in December.
Amin Nasser, president and chief executive of Saudi Aramco, said in a statement that the company's vision "is to be the world's pre-eminent integrated energy and chemicals company." Previous reports suggest the kingdom will list 1%-2% of Aramco on its local stock exchange, and then on an international exchange at a later date for a total public sale of roughly 5% of the company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Crown Prince approves kick-off of Aramco IPO on Sunday: sourcesSaudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the i...
Read more »
Saudi Crown Prince approves announcement of Aramco IPO on Sunday - sourcesSaudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the i...
Read more »
Saudi Aramco Launches Long-Awaited IPOSaudi Aramco’s shares are set to begin trading on the Saudi stock market in early December, the company said, as it officially unveiled the world’s largest, and much delayed, initial public offering.
Read more »
Saudi Arabia formally starts IPO of state-run oil firmSaudi Arabia formally starts its long-anticipated initial public offering of its state-run oil giant Saudi Aramco, which will see a sliver of the firm offered on a local stock exchange in hopes of raising billions of dollars for the kingdom.
Read more »
Saudi Arabia announces IPO of world's most profitable companySaudi Arabia is moving forward with an initial public offering of Aramco, its huge state oil producer with a monopoly on Saudi oil
Read more »