Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Saudi Aramco's IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country's finance minister said. The Saudi Arabian Oil Co., the world's top crude exporter known as Aramco, is "on track" for plans to list shares on the local bourse Tadawul and possibly on foreign exchanges, Finance Minister Mohammad al-Jadaan said in an interview Tuesday in Riyadh. The state-owned company has previously said the initial public offering is scheduled for next year.If Aramco manages to achieve a valuation that matches the crown prince's expectations, the sale would raise about $100 billion, eclipsing the record $25 billion Alibaba Group Holding Ltd. raised in its IPO in 2014 .
FOLLOW THIS ARTICLE