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Saudis Say Aramco IPO ‘On Track’ as All Options Open for Listing

  • Aramco stock sale will be ‘IPO of the world’: finance minister
  • London and New York are among exchanges seeking to list shares
Bloomberg business news
Saudi Finance Minister on Budget, Aramco IPO

Saudi Aramco’s IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country’s finance minister said.

The Saudi Arabian Oil Co., the world’s top crude exporter known as Aramco, is “on track” for plans to list shares on the local bourse Tadawul and possibly on foreign exchanges, Finance Minister Mohammed Al-Jadaan said in an interview Tuesday in Riyadh. The state-owned company has previously said the initial public offering is scheduled for next year.