Global Markets

Aramco IPO will happen by 2021 – Saudi crown prince

Saudi Arabia’s crown prince, Mohammed bin Salman, has said state-owned oil giant Saudi Aramco will be listed on a stock exchange by 2021
By Staff reporter 8 October 2018 0 32813

Saudi Arabia’s crown prince, Mohammed bin Salman, has said state-owned oil giant Saudi Aramco will be listed on a stock exchange by 2021, according to a report by The Sunday Times.

He insisted the company would be valued at more than $2 trillion, despite scepticism over investor appetite.