Aramco IPO will be ready within coming 12 months: chairman
JEDDAH, Saudi Arabia (Reuters) - Saudi Aramco chairman Yassir al-Rumayyan said on Tuesday a planned initial public offering (IPO) of the state oil giant would be ready within the coming 12 months and that the kingdom was committed to the listing. Rumayyan told a news conference that the Aramco IPO would 'continue as it is' despite weekend attacks on the company's oil facilities.
JEDDAH, Saudi Arabia (Reuters) - Saudi Aramco chairman Yassir al-Rumayyan said on Tuesday a planned initial public offering (IPO) of the state oil giant would be ready within the coming 12 months and that the kingdom was committed to the listing.
Rumayyan told a news conference that the Aramco IPO would "continue as it is" despite weekend attacks on the company's oil facilities. He said the IPO would depend on market conditions.
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(Reporting by Rania El Gamal and Stephen Kalin; Additional reporting by Maher Chmaytelli and Maha El Dahan in Dubai; Writing by Ghaida Ghantous; Editing by Chris Reese)
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