Saudi Arabia has reiterated that it is committed to selling shares in state-owned Saudi Aramco through an initial public offering (IPO) though no decision has been made on the precise timing.
Crown Prince Mohammed bin Salman said: “We are committed to the IPO of Saudi Aramco based on appropriate conditions and at the right time.”
He told Saudi-owned Asharq al-Awsat newspaper that the IPO of Saudi Aramco “will take place in (late) 2020 or the start of 2021,” almost two years later than initially planned.
