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Saudi Aramco IPO: final destination, size still unclear

Aramco's Abqaiq oil facility in Saudi Arabia. Company executives say a listing on the second half of 2018 in Riyadh is possible, but adding London or New York on top would be very difficult.


THE financiers and corporate chieftains gathered for Saudi Arabia's 'Davos in the Desert' heard the same message again and again. From the crown prince down, Saudi leaders wanted no room for doubt: the initial public offering of oil giant Aramco is "on track" for 2018.


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