Aramco share sale restriction likely to rule out overseas listing for at least a year

Aramco share sale restriction likely to rule out overseas listing for at least a year

REUTERS/Ahmed Jadallah

The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an international IPO is ruled out for at least a year.

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