Saudi Announced Aramco’s IPO
Aramco Chairman Yasir Al-Rumayyan said that the initial public offering (IPO) of Saudi Aramco is in its final stages and will be announced very soon during the Saudi-Russian CEO Forum that began on Monday.
Al-Rumayyan, the Governor of Saudi Arabia’s Public Investment Fund, confirmed during the forum that Aramco’s IPO will take place sooner than anticipated. He announced this alongside great praise for the company, naming it the best in the world. It is noteworthy that Al Rumayyan has held his position in Aramco for only two months.
— قناة الإخبارية (@alekhbariyatv) October 14, 2019