Deals
Aramco IPO Could Still Be in U.S. as Kingdom Plays Down Rift
- Location of Aramco IPO ‘Work in Progress,’ al-Jubeir says
- Kingdom has no plans to reduce U.S. investments: al-Jubeir
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Saudi Arabia could still decide to sell shares of oil giant Aramco in New York, Foreign Minister Adel al-Jubeir said, even after the U.S. passed a law that allows victims of the Sept. 11 attacks to sue the kingdom.
The kingdom is looking at markets from Hong Kong to New York as possible international venues of what could be one of the biggest share sales in history, al-Jubeir told a news conference with U.S. Secretary of State John Kerry in Riyadh on Sunday. The decision is still a “work in progress,” he said.