Saudi Aramco IPO in 2018 or 2019, says minister

Finance minister says date of hotly-awaited stock market debut will depend on market conditions
By AFP
Tue 10 Apr 2018 08:02 PM

The hotly-awaited stock market debut of Saudi energy giant Aramco will be launched in 2018 if market conditions permit, otherwise in 2019, the kingdom's finance minister told AFP on Tuesday.

"If the market is ready in 2018, we will go in 2018. If not, we will wait until 2019," Mohammed al-Jadaan told AFP at a French-Saudi forum in Paris, referring to the planned initial public offering (IPO) of Aramco, tipped to be the world's biggest.

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Last Updated: Tue 10 Apr 2018 08:06 PM GST

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