Saudi Aramco to go public


Saudi Aramco said Nov. 3 that it plans to go public on the main market of the Tadawul. Saudi Aramco, considered the world’s most profitable company, is expected to price its IPO in December and begin trading on Dec. 11, the Financial Times reported.

PRESS RELEASE

Announcement of Intention to Float on Tadawul

DHAHRAN, November 03, 2019

Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia (the “Kingdom”, the “Government” or the “Selling Shareholder”), today announces its intention to proceed with an initial public offering on the Main Market of Tadawul.