Saudi energy giant Aramco is moving ahead with its plan for an IPO of its energy-trading unit, in a move that could result in one of the largest share sale in 2022, said a report. The listing of Aramco Trading is being planned for year-end or early 2023.
Saudi Aramco is pushing ahead with plans for an initial public offering of its energy-trading business, which would rank as one of the largest share sales this year, according to people familiar with the matter.
With Africa seeking to maximize the exploitation of its entire resource base including oil, gas, coal and renewable energy for a secure and sustainable
RIYADH: Saudi Aramco is currently studying its portfolio for potential listings of some of its units, according to its CEO, Amin Nasser. “We’re looking at optimizing our capital program and we’re looking at our portfolio. If there is anything that would require listing in the market, it is currently being considered,” Nasser said in a press conference on Sunday after posting a