Saudi Aramco Valuation to Be Determined in IPO Roadshow
Yasir Al-Rumayyan speaks on Nov. 3.
Photographer: Mohammed Al-Nemer/Bloomberg
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Saudi Aramco’s valuation will be determined during the roadshow and book-building of the oil giant’s initial public offering, its chairman said.
"Percentage of international versus local investors is still to be determined," Yasir Al-Rumayyan said at a press conference at Aramco’s headquarters in Dhahran in the country’s eastern province.