[Abu Dhabi 10th Reuters]-Saudi Aramco CEO Amin Nasser, CEO of Saudi Aramco, will first list its initial public offering (IPO) in Saudi Arabia, but is preparing for overseas listing He said that he is also progressing.
I told reporters. CEO stated that Abdul Aziz Bin Salman, who was appointed as energy minister, said the IPO would be “soon”, but added that the government will make a final decision on when and where to go.
The CEO commented, “Aramco is always ready if the stockholders decide to list. As Prince Abdul Aziz said yesterday, the IPO will take place soon. We are ready.” .
Aramco is currently in the process of selecting the IPO lead manager and other sources, according to a source said on the 9th that Aramco is planning a gradual listing in the domestic market.
Mr. Yasir Arlumayan, head of Saudi government fund PIF, who was nominated as Aramco's new chairman this month, welcomed Nasser CEO for his wealth of experience in the financial sector.