Aramco IPO will come soon, Saudi crown prince to decide: energy minister

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Oct 30, 2019 #ARAMCO, #Commodities News (3rd Party), #Company News, #Crude Oil, #Debt / Fixed Income Markets, #Energy (Legacy), #Energy (TRBC), #Energy Markets, #Equities Markets, #Equity Financing, #Europe / Middle East / Africa (Energy), #General News, #Government / Politics, #Initial Public Offerings, #Integrated Oil and Gas (TRBC), #investment, #Iran, #Major News, #Middle East, #Middle East (Energy), #Oil and Gas (TRBC), #Organization of the Petroleum Exporting Countries, #Picture available, #saudi, #Saudi Arabia, #united states, #US

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FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim Shemetov

RIYADH (Reuters) – The initial public offering for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy minister said on Wednesday.

“It is going to come soon … but it will come at the right time with the right approach and definitely with the right decision,” Prince Abdulaziz bin Salman said in a speech at the Future Investment Initiative conference in Riyadh.

“And it will be a Saudi decision first and foremost,” he said. “Specifically, Prince Mohammed’s decision,” he added.

Reporting by Rania El Gamal; Writing by Nafisa Eltahir; Editing by Christian Schmollinger

Our Standards:The Thomson Reuters Trust Principles.

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