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Saudi Aramco IPO to take place in 2018, Gulf oil minister says

Written by Sam Meredith at CNBC

  • Oman’s Mohammed bin Hamad al-Rumhi was pressed for a definitive answer regarding his expectations over Saudi Aramco’s potential IPO next year. He replied: “If CNBC says yes, then I say yes”
  • The initial public offering (IPO) for the world’s largest energy company is expected take place in the second half of 2018

Saudi Aramco’s plan to take a portion of its business public next year will go ahead as scheduled in 2018, Oman’s oil minister told CNBC Monday.

At an energy industry conference in Abu Dhabi, Oman’s Mohammed bin Hamad al-Rumhi was pressed for a definitive answer regarding his expectations over Saudi Aramco’s potential IPO next year. He replied: “If CNBC says yes, then I say yes.”

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Written by Sam Meredith at CNBC

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