Saudi Arabia says Aramco's €1.5tn flotation is still on

Saudi Arabia has denied reports it has called off its plans to float oil giant Aramco on its stock exchange and internationally.
State-run Saudi Aramco is considering floating 5% of its shares, possibly in London, Hong Kong or New York, in addition to a listing in Riyadh.It is all part of Crown Prince Mohammed bin Salman's plan to open up the Saudi Arabian economy to international investors.Reuters had earlier reported that financial advisers who had been working on the $2tn (€1.5tn) stock market listing had been disbanded, citing four industry sources.
Saudi Arabia says Aramco's €1.5tn flotation is still on

Could Saudi oil company list in UK?
But Saudi Energy Minister Khalid al-Falih said in a statement the IPO remains on track.
"The government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum," he said."This timing will depend on multiple factors, including favourable market conditions and a downstream acquisition which the company will pursue in the next few months."
More from Saudi Arabia

UK urged to intervene as female Saudi activist becomes 'first to face death penalty'

Lifting of Saudi women's driving ban 'a wonderful feeling of relief'

Saudi women hit the road as female driving ban ends

Saudi Arabia poised to lift ban on women drivers

Saudi-led coalition forces begin assault on Yemen aid port

Saudi Arabia issues first driving licences to women

Saudi Aramco, the world's biggest oil and gas company, made $33.8bn (€26.2bn) in net income in the first six months of 2017.In June, London's Financial Conduct Authority relaxed rules for state-owned companies wanting to list on the London Stock Exchange, opening the way for Aramco to float in London.
Posted in:
Saudi Arabia
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Июль 2019    »