Saudi Aramco IPO timing to not have importance| MENAFN.COM

Wednesday, 30 November 2022 04:05 GMT

Saudi Aramco IPO timing to not have importance


(MENAFN) Saudi Aramco's initial public offering (IPO) timing is not important given that the terms for the listing success are provided, as Energy Minister Khalid Al-Falih suggested.

The Saudi Energy Minister also declared that "between December 31st and January 1st there is no value lost for the kingdom."

During an interview with Bloomberg at the Saudi Embassy in London, the minister added "so, I don't see this artificial deadline that you refer to as being significant."

Minister Falih further indicated the IPO to be "anchored" through a listing on the local exchange of Saudi Arabia.

MENAFN1003201800450000ID1096569569


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.