November 12, 2018 / 10:49 AM / a month ago

Saudi Aramco CEO says IPO will 'certainly' happen

Chief Executive Officer of ARAMCO, Amin Nasser speaks during an interview with REUTERS in Dhahran, Saudi Arabia, December 13, 2017. REUTERS/Hamad I Mohammed/Files

ABU DHABI (Reuters) - Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right.

Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom’s sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

Reporting by Rania El Gamal; writing by Maher Chmaytelli

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