November 12, 2018 / 9:25 AM / a month ago

Saudi Aramco CEO says IPO will 'certainly' happen

FILE PHOTO: Chief Executive Officer of ARAMCO, Amin Nasser speaks during an interview with REUTERS in Dhahran, Saudi Arabia, December 13, 2017. REUTERS/Hamad I Mohammed

ABU DHABI (Reuters) - Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right.

Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom’s sovereigh wealth fund, the Public Investment Fund, he said at a conference in Abu Dhabi.

Reporting by Rania El Gamal; writing by Maher Chmaytelli

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