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Saudi FM tells bond investors Aramco IPO to proceed as planned in 2018

Saudi authorities aim to list up to 5% of the world's largest oil producer on the stock exchange in Riyadh

Reuters  |  Dubai 

Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters. Aramco has previously said the listing remained "on track" after a report that the oil company was preparing contingency plans for a possible delay into 2019. Saudi Arabia held the global investor call in preparation for a potential third international bond issuance, having issued a $17.5 billion international bond last year ...

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First Published: Mon, September 25 2017. 23:08 IST