ISSN 2330-717X

Saudi Aramco IPO Expected Within Two Years – Minister


The stock-market launch of Saudi Aramco, the world’s biggest oil company, is expected to take place within two years, Khalid A. Al-Falih, the minister of energy, industry and mineral resources, confirmed on Wednesday.

His comments echo a similar timescale quoted by Aramco president and chief executive Amin Nasser to Arab News in January this year.

Arabic-language newspaper Okaz reported that Al-Falih’s comments on the timescale for the initial public offering — potentially the biggest stock-market flotation in history — came on Wednesday during his visits to the headquarters of Saudi Aramco Total Refining And Petrochemical, and Sadara Chemical Company.

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Arab News

Arab News is Saudi Arabia's first English-language newspaper. It was founded in 1975 by Hisham and Mohammed Ali Hafiz. Today, it is one of 29 publications produced by Saudi Research & Publishing Company (SRPC), a subsidiary of Saudi Research & Marketing Group (SRMG).

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