Saudi, Japan to discuss investment into Aramco IPO

29 Jun 2016

(MENAFN) Saudi Arabia and Japan will discuss Japanese investment into the planned initial public offering (IPO) of Riyadh-controlled Saudi Aramco.

Accordingly, the kingdom exposed plans aimed at finishing its “addiction” to oil and changing it into an international investment power.

Moreover, Aramco will give its rights to the crude reserves of the world’s top oil exporter, while the value of Aramco will be at least USD2tr.

Additionally, Saudi Aramco is working on the options for its IPO, which involve a single local stock exchange listing and a dual listing with a foreign market.

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