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HomeBusiness NewsAramco IPO will come soon, Saudi crown prince to decide: energy minister

Aramco IPO will come soon, Saudi crown prince to decide: energy minister

RIYADH (Reuters) – The initial public offering for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy minister said on Wednesday.

“It is going to come soon … but it will come at the right time with the right approach and definitely with the right decision,” Prince Abdulaziz bin Salman said in a speech at the Future Investment Initiative conference in Riyadh.

“And it will be a Saudi decision first and foremost,” he said. “Specifically, Prince Mohammed’s decision,” he added.

Reporting by Rania El Gamal; Writing by Nafisa Eltahir; Editing by Christian Schmollinger