Terrorist attack won’t stall Aramco’s IPO as it starts in 12 months: Al-Rumayyan

17/09/2019 Argaam

Aramco’s initial public offering (IPO) won’t be stalled by the terrorist attack that targeted two of the firm’s facilities on Saturday, Aramco’s Chairman Yasir Al-Rumayyan said.
 

The IPO will take place at any time within the next 12 months, he said in a joint press conference with the Energy Minister this evening.
 

Al-Rumayyan hailed the firm’s capabilities and ability to rapidly regain full power.

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