Saudi Aramco plans to announce the start of its IPO on Nov. 3, three people with direct knowledge of the matter told Reuters For more business news, follow ReutersBiz
DUBAI/RIYADH - Saudi Aramco aims to announce the start of its initial public offering on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Aramco, in response to queries by Reuters, said on Tuesday the oil company “does not comment on rumor or speculation. The company continues to engage with the shareholders on IPO readiness activities. The company is ready and timing will depend on market conditions and be at a time of the shareholders’ choosing.”The company will soon have more shareholders from institutions, the head of the kingdom’s sovereign wealth fund, Yassir al-Rumayyan, said.
The prospect of Aramco selling a piece of itself has had Wall Street on tenterhooks since Crown Prince Mohammed bin Salman first flagged it three years ago. “There are several Russian pensions funds who are interested to invest in the Aramco IPO and we have also received indications from our Russia-China fund of some Chinese major institutions also interested in Aramco IPO,” Russian Direct Investment Fund head Kirill Dmitriev told reporters on Tuesday.
“KIA has not been approached by Aramco or its advisers for the IPO, and KIA will look at the IPO like any other investment,” Bastaki told reporters on the sidelines of an investment conference in Riyadh.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Saudi Aramco aims to begin planned IPO on Nov. 3: sourcesSaudi Aramco aims to announce the start of its initial public offering (IPO) on ...
Leer más »
Aramco hoping to begin its planned IPO this Sunday, report saysLocal news outlet Al Arabiya reported that shares of the company will begin trading on the Tadawul, Saudi Arabia's stock exchange, on December 11.
Leer más »
Saudi-owned TV: Public offering for Aramco in DecemberRIYADH, Saudi Arabia (AP) — The long-planned initial public offering of a sliver of Saudi Arabia's state-owned oil giant Saudi Aramco will begin this December, a Saudi-owned satellite channel...
Leer más »
Saudi Aramco is reportedly kicking off its massive IPO this Sunday and plans to debut trading on December 11Aramco's IPO has been hotly anticipated by investors as it could be one of the largest on record.
Leer más »
Saudi Aramco cements status as world's most profitable company after earning $68 billion in just 9 monthsThe disclosed earnings are likely lower than past projections, as they cover the period when oil production was crippled by September drone attacks.
Leer más »
Saudi, Gulf consortium seeking to buy Barneys New York: MaaalA Saudi and Gulf consortium is seeking to buy luxury retailer Barneys New York I...
Leer más »