Saudi Aramco aims to begin planned US$20bil IPO on Nov 3


aramco

DUBAI/RIYADH:Saudi Aramco aims to announce the start of its initial public offering (IPO) 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.

The people also said Aramco's chief executive officer, Amin Nasser, was not present at the conference on Tuesday as he was meeting investors abroad ahead of the offering.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

oil , Aramco , Saudi Arabia , , IPO , Nov 3 , US$20bil ,

   

Next In Business News

Axiata's 9M net profit surges ahead to RM1.17bil
CIMB posts 10% jump in net profit to RM2.03bil in 3Q
Hong Leong Bank's net profit rises to RM1.09bil in 1Q
MKH Oil Palm's FY25 prospects supported by strong demand for CPO
South Korea makes first back-to-back rate cuts since 2009
Ringgit opens higher against US$ as Trump-inspired dollar rally eases
FBM KLCI rises as corporate results flow in
Trading ideas: Binastra, Catcha, IJM, Vanzo, JFTech, BHIC, Affin, LGMS, Paramount, AMB, PetGas, Kerjaya, Inari, FGV
Oil steady after surprise rise in US gasoline stocks
Wall Street stocks end lower on inflation data

Others Also Read