Advertisement
| 21 June, 2018

Saudi energy minister says Aramco IPO in 2019 would be nice, timing not critical

Saudi Arabia's Tadawul bourse would be Aramco's primary listing, says Khalid al-Falih

General view of the Natural Gas Liquids (NGL) facility in Saudi Aramco's Shaybah oilfield at the Empty Quarter in Saudi Arabia May 22, 2018.

General view of the Natural Gas Liquids (NGL) facility in Saudi Aramco's Shaybah oilfield at the Empty Quarter in Saudi Arabia May 22, 2018.

Reuters/Ahmed Jadallah

VIENNA: Saudi Arabian Energy Minister Khalid al-Falih said on Thursday it would be "nice" to see Saudi Aramco floated on the stock exchange next year, but he added the timing was not critical to the Saudi government.

Speaking in Vienna, Falih said Saudi Arabia's Tadawul bourse would be Aramco's primary listing, with an international secondary listing to be determined to some extent by where the market for its products is, which is "shifting to the east".

Advertisement
(Reporting by Dmitry Zhdannikov and Shadia Nasralla; Editing by Mark Potter) ((Shadia.Nasralla@thomsonreuters.com; +44 207 542 5083; +44 778 99 43141; Reuters Messaging: Reuters Messaging: shadia.nasralla.reuters.com@reuters.net))