Saudi Aramco's listing process "going as planned"

Chief executive says overhang oil supplies expected to ease

Amin Nasser, CEO of state oil giant Saudi Aramco. (Ozan Kose/AFP/Getty Images)

Amin Nasser, CEO of state oil giant Saudi Aramco. (Ozan Kose/AFP/Getty Images)

Saudi Aramco's listing process is going as planned, and is expected to take place in the second half of 2018, Chief Executive Amin Nasser said on Monday.

"We have always said the listing will happen in the second half of 2018, everything is going very smoothly, we are evaluating different stock exchanges," said Nasser, speaking at an industry conference in Bahrain.

"There is a lot of work which is ongoing but everything is going as planned," he added.

Nasser also said an overhang in world oil supplies was expected to ease in the first half of 2017 and that the industry needed to maintain investments for the long term despite lower prices.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Does the Saudi IPO signal the end of the age of oil?

Does the Saudi IPO signal the end of the age of oil?

Saudis may want to capitalise on an asset that’s only going to...

China paves way for market-based IPO system

China paves way for market-based IPO system

A new law would let companies, not regulators, determine when...

Trading from the frontline in Palestine

Trading from the frontline in Palestine

Palestine’s economy has been crippled by the war on Gaza but...

Most Discussed
sponsoredTracking