Al-Falih: The launch of Saudi Aramco IPO may happen mid-year

Saudi Arabia may push ahead with Saudi Aramco stock IPO on an international stock exchange, such as London or New York, in the second half of 2018 despite fears raised in the past, Saudi Energy Minister Khalid al-Falih said on Thursday. Al-Falih said that Aramco may be offered for public subscription either locally or internationally, later on this year.

“The New York Stock Exchange is still in the race for Aramco’s first public offering,” he said. “We have prepared all the documents to be ready for both local and international listing. We have not closed the door to 2018.”