Deals
Aramco CEO Says the Oil Giant Is Ready for IPO
- No short list of possible international listings: CEO Nasser
- Aramco waiting for government decision on where to list shares
Goldman, Citi Said to Lead Pack for Saudi Aramco IPO
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Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, Chief Executive Officer Amin Nasser said.
The kingdom will decide where the stock will be traded, not the company, Nasser said Thursday at Aramco headquarters in Dhahran, in eastern Saudi Arabia. One option being considered is selling the shares locally and then overseas, he said. There is no short list of possible exchanges and talks are ongoing to decide on bank roles, he said.