'Not talking to Chinese or others' about stake sale, says Saudi Aramco CEO

Saudi Aramco's initial public offering will take place in 2018 as planned and the listing venue will be revealed in due course, the company's chief executive said in a CNBC interview broadcast on Monday. "We have always said that we will be listing in 2018, and to be more specific, in the second half of 2018," CEO Amin Nasser said, later adding: "The IPO is on track.

The listing venue will be discussed and shared in due course." Aramco is preparing to list about 5 per cent of its shares on local and international.

This article is no longer available in our repository.

There could be multiple reasons for this.