Economics
Aramco CEO Says Size of Share Offering Is Still to Be Decided
- Saudi state oil giant still considering where to list abroad
- Aramco initial public offering could be world’s largest IPO
Amin Nasser, chief executive officer and president of Saudi Arabian Oil Co.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to Chief Executive Officer Amin Nasser.
The shares will definitely be listed in Saudi Arabia’s market known as Tadawul, Nasser told reporters Monday at a conference in Abu Dhabi. The U.K., Hong Kong and U.S. are competing for the international listing.