Aramco CEO Defends IPO Plan in Face of Investor Skepticism
- Work on share sale is still going, Nasser says in interview
- Aramco will compete with world’s biggest oil companies: CEO
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The chief executive officer of Saudi Aramco defended prospects for an initial public offering of the giant oil company in the face of investor skepticism and government prevarication on when and where it will happen.
"There’s a lot of work that is still ongoing, the IPO is ongoing," Amin Nasser said in a Bloomberg television interview in New York, reiterating that the company will be ready for a listing in the second-half of this year.