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Home / Business / The CEO of Saudi Aramco confirms that the IPO will have a secondary listing

The CEO of Saudi Aramco confirms that the IPO will have a secondary listing



The IPO of the world's largest oil company, according to the CEO and president of the company, always occurs when shareholders make a decision.

"What we've always said is that Aramco is ready to list at any time when its stockholders are on the stock market." Aramco's President and CEO, Amin Nasser, told reporters Tuesday in Abu Dhabi.

"And as you heard yesterday from His Royal Highness, Prince Abdulaziz, it will be very soon, so we are ready – that's the end result."

The oil giant has postponed its IPO originally planned for 201

8 , Reportedly on Saudi concerns over public scrutiny of his finances and the complexity of his corporate structure.

"The list should be local, but we are also ready to list outside of other districts," Nasser said.

When asked if he would rather see the Aramco list in Tokyo, Japan, he replied, "We are ready to list wherever shareholders are choosing." [19659007] Amin Nasser, CEO of Aramco, speaks at the IHS CERAWeek 2018 in Houston, TX.

Mary Catherine Wellons | CNBC

On Monday, Saudi Arabian energy minister Abdulaziz bin Salman underscored the importance of regulation for Saudi Aramco as it embarks on a long-awaited IPO.

The separation between Aramco, the company and the Ministry as a regulator is a must, "he told CNBC staff Helima Croft before an audience of delegates.

" The regulator can not be a person, the regulator must be an institution his. This regulator The role must be defined and the contours of the regulator's role understood, "he added.


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