Riyadh – Mubasher: French oil and gas company Total’s CEO assured that any participation in Aramco’s initial public offering (IPO) would be a good investment.
"We may consider it," Patrick Pouyanne added, who also stated that any final decision was "a matter of profitability and best allocation of capital," Reuters reported on Thursday.
The Kingdom is planning to offer about 5% of Aramco through the IPO, which is expected to take place in early 2018, and to list its shares in the Saudi Stock Exchange (Tadawul) and some global bourses.
Earlier, Aramco’s CEO Amin Nasser had stated that the company’s shares will be listed locally and abroad in the second half of 2018.
