Home / Sustainability / Energy / Saudi Aramco IPO should go according to plan

Saudi Aramco IPO should go according to plan

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right.

Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom’s sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

Source: Reuters

Check Also

Egypt building joint electricity grid with Cyprus

Cyprus and Egypt signed an accord on Saturday to pursue links between the electricity transmission …

Leave a Reply

Your email address will not be published. Required fields are marked *