IPO of Saudi Aramco is postponed indefinitely


Amir Nasser, general director of Saudi Arabia's state oil company, said in an interview with CNBC that the IPO of the oil giant was postponed indefinitely due to Saudi Aramco's plans to acquire a controlling stake in the petrochemical company Saudi Basic Industries. At the same time he noted the commitment of the Saudi government to the IPO, within the framework of which it is planned to raise $100 billion. Earlier, Saudi Energy Minister Khalid al-Falih denied rumors about Saudi Arabia's refusal of the Aramco listing plans.

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