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Aramco Chairman Says ‘Stay Tuned’ on Divestment Plans

  • Company yet to decide on IPO of trading unit, says Al Rumayyan
  • Al Rumayyan spoke at Future Investment Initiative in Riyadh
Corrected

The chairman of Saudi Aramco said investors should “stay tuned” on the oil giant’s divestment plans.

“We have a big divestment program,” Yasir Al Rumayyan, who is also governor of the Public Investment Fund, said on the sidelines of an event in Riyadh. Aramco has already sold off leasing rights in units operating oil and gas pipelines.