The chief executive of Saudi Aramco has assured that the oil giant’s much-anticipated flotation is still slated for 2018.
Speaking at a conference in Russia, Amin Nasser said the company was closer to deciding on where to launch the initial public offering (IPO) and on the exact timing of the stock market debut next year.
It is widely expected that Saudi Aramco will choose London or New York to host its listed shares.
UK regulators are considering proposals that would exempt government-controlled firms like Saudi Aramco from certain stock market rules, which could pave the way for London to host the 2 trillion (£1.5 trillion) flotation.
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