Saudi Aramco CEO says domestic IPO will be the primary listing

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed

Saudi Aramco’s chief executive, Amin Nasser, said on Tuesday a domestic IPO of the state oil giant would be the primary listing but that it was also ready for an international offering.

Nasser, speaking to reporters, cited the kingdom’s new energy minister Prince Abdulaziz bin Salman as saying that an initial public offering would happen “very soon”, but added that the ultimate decision on timing and venue rested with the government.

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