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Saudi crown prince expects Aramco IPO in 2020-2021

​“We are committed to the Aramco IPO, given the proper circumstances and the right time"

Bloomberg|

Jun 16, 2019, 12.56 PM IST

AFP

By Nadeem Hamid

Saudi Arabia is committed to selling shares in Saudi Aramco as soon as next year, Crown Prince Mohammed Bin Salman said in an interview with the Saudi-owned Ahsarq Al Awsat newspaper.

“We are committed to the Aramco IPO, given the proper circumstances and the right time, and as I said before I expect it will be between 2020 and early 2021,” the crown prince told the newspaper.

In the wide ranging interview with the Saudi-owned newspaper, the crown prince also commented on recent attacks on oil tankers near the Strait of Hormuz and Saudi Arabias 2030 development goals.

Here are the highlights from the interview:

  • Attacks against tankers, oil facilities and the Abha airport affirm Saudi Arabias call for the global community to take a firm stance against Iran.
  • “The kingdom does not seek war in the region, but will not hesitate in dealing with any threats towards our people, sovereignty, unity and vital interests.”
  • Iran didnt respect the Japanese prime ministers efforts, and attacked the tankers while he was still a guest in Tehran, the crown prince said.
  • Saudi Arabia holds its relationship with the U.S. in the highest regard because it is a key factor in the regions security and stabRead More – Source
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