Domestic only—the key aspect of Aramco IPO
The state energy giant’s decision to proceed with a share sale is no surprise, but the lack of an international listing is a crucial point
“A significant milestone in the history of the company and important progress towards delivering Saudi Vision 2030”. Thus Yasir al-Rumayyan, chairman of state-owned oil production Saudi Aramco and governor of the country’s Public Investment Fund (PIF), described the early November announcement that the firm would pursue a public offering of a small volume of its shares on the Saudi domestic stock exchange. The timing of the initial public offering (IPO) —and, at times, even whether it would ever happen—had been the subject of speculation, almost since the idea that a small portion of Aramco would be offered to the public was first mentioned in April 2016, when Crown Prince Mohammed bin S
Also in this section
4 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
4 February 2025
The threat of Trump tariffs and the departure of Trudeau have sharpened the domestic political focus on boosting the oil and gas industry
3 February 2025
Alaska has been engulfed by a lack of consistent policymaking and highlights the challenges financing energy projects in the US
31 January 2025
Several projects are expected to boost production this year as strategically important region looks to environmental rules, fiscal policies, oil prices and demand trends longer term
