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English news

12-Jul-2016

Saudi Aramco IPO timing to depend on markets, Chairman says

External factors including equity market conditions and oil price outlook, as well as domestic capital market conditions will have a role to play in determining the Saudi Aramco IPO timeframe, said the company's Chairman – who is also the Kingdom’s Energy Minister. The size and complexity of the IPO will require a great deal of internal preparation, which will take time, he added. (Reuters)

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