Saudi Aramco's chairman assures attacks will not scupper IPO

clock • 1 min read

The chairman of Saudi Aramco, Saudi Arabia's state-owned oil giant, said at a press conference this morning that the drone strike on the kingdom's central crude-processing plant will neither threaten nor delay recently relaunched plans for an initial public offering (IPO). Yasir Al-Rumayyan, chairman of Saudi Aramco and governor of the Public Investment Fund (PIF) stopped short of specifying a timetable to the IPO launch, however, but gave a window of 12 months. Many analysts now doubt the company will meet its own deadline. The drone attacks on Saturday, which Riyadh and Washington b...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.