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.

Reuters September 18, 2019 02:10:54 IST
Aramco IPO will be ready within coming 12 months: chairman

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. He said the IPO would depend on market conditions.

(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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