Saudi Aramco CEO says IPO will 'certainly' happen
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Saudi Aramco CEO says IPO will ‘certainly’ happen

Saudi Aramco CEO says IPO will ‘certainly’ happen

Aramco said it is still in discussions to buy a stake in petrochemicals company SABIC

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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.

Also read: Saudi Aramco may borrow up to $50bn from banks for SABIC deal

Saudi Aramco CEO defends SABIC deal, says listing could come after


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