{"id":1698,"date":"2017-11-12T20:12:31","date_gmt":"2017-11-12T21:12:31","guid":{"rendered":"https:\/\/madaresharghi.com\/no-aramco-decision-yet-on-ipo-venue\/"},"modified":"2017-11-12T20:12:31","modified_gmt":"2017-11-12T21:12:31","slug":"no-aramco-decision-yet-on-ipo-venue","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/no-aramco-decision-yet-on-ipo-venue\/","title":{"rendered":"No Aramco Decision Yet on IPO Venue"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tPreparations to float the shares of Saudi Aramco next year are proceeding, but no decision has been taken yet on the venue for the international listing, the chief executive of the state oil company told Al Arabiya Television channel.<br \/> \t\u201cPreparations are proceeding to the fullest extent for listing in 2018,\u201d Amin Nasser told the channel in an interview aired on Sunday, Reuters reported.<br \/> \tHe was speaking after the company signed engineering and construction deals with international firms worth $4.5 billion.<br \/> \t&#8220;After extensive studies of other international stock markets, the right decision on the international venue will be taken at the right time,&#8221; he said.<br \/> \t\u201cFor sure, it will be listed in the Saudi market. As for other markets, a complete study was made,\u201d he added, naming New York, London, Tokyo and Hong Kong.<br \/> \tNasser further said the studies are under discussion now, which takes time.<br \/> \tCrown Prince Mohammad bin Salman said last month that Aramco\u2019s initial public offering, part of an ambitious plan to diversify the Saudi economy beyond oil, was on track to go ahead in 2018. The sale of around 5% of the oil giant is expected to be the biggest in the world.<br \/> \tSaudi officials sought to reassure the business community last week, saying that a sweeping anti-corruption investigation would not hurt the economy and that companies and banks could operate as normal.<br \/> \tSaudi authorities have questioned 208 people in an anti-corruption investigation and estimate at least $100 billion have been stolen through graft. Dozens of princes, senior officials and prominent businessmen, including Cabinet ministers and billionaires, have been detained in the inquiry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Preparations to float the shares of Saudi Aramco next year are proceeding, but no decision has been taken yet on the venue for the international listing, the chief executive of the state oil company told Al Arabiya Television channel. \u201cPreparations are proceeding to the fullest extent for listing in 2018,\u201d Amin Nasser told the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>No Aramco Decision Yet on IPO Venue - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/no-aramco-decision-yet-on-ipo-venue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Aramco Decision Yet on IPO Venue - 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