Saudi Oil Minister Says Schedule for Aramco's IPO Is On Track
- Government is ‘moving right ahead’ for share sale in 2018
- Saudi Arabia plans to list 5% of company on several exchanges
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Saudi Arabia said the schedule for the blockbuster initial public offering of its state-owned oil giant isn’t “slipping,” with the kingdom still targeting a sale by the end of 2018.
The government is “moving right ahead” for an IPO of Saudi Aramco in the second half of next year, Oil Minister Khalid Al-Falih said Thursday in Moscow. “There is nothing to indicate that schedule is slipping in any way.”