Aramco Chairman Says Attacks Won't Derail IPO Preparations
- Share sale could happen any time in next 12 months: chairman
- Bankers preparing to pitch what could be a record share sale
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Saudi Aramco’s chairman said the drone strike on the kingdom’s main crude-processing plant won’t slow preparations for an initial public offering of the state-owned oil giant.
Saudi Arabia is committed to the IPO, Yasir Al-Rumayyan said on Tuesday at a press conference in Jeddah. He refused to commit to a precise timetable, however, saying the company is ready to do it any time in the next 12 months.