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'Not talking to Chinese or others' about stake sale, says Saudi Aramco CEO

Regarding the IPO process and possible venues for the listing, Nasser said all was still being considered

Reuters  |  Dubai 

Saudi Aramco's initial public offering will take place in 2018 as planned and the listing venue will be revealed in due course, the company's chief executive said in a CNBC interview broadcast on Monday. "We have always said that we will be listing in 2018, and to be more specific, in the second half of 2018," CEO Amin Nasser said, later adding: "The IPO is on track. The listing venue will be discussed and shared in due course." Aramco is preparing to list about 5 per cent of its shares on local and international stock markets. It has yet to choose an ...

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First Published: Mon, October 23 2017. 18:12 IST