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Aramco plans to sell shares in second half of 2018
Alriyadh Published in Alriyadh on 18 - 01 - 2017

Saudi Aramco is expected to sell shares in the second half of 2018, and not in the first quarter of the year.
Amin Nasser, President and CEO, Saudi Aramco, told Al-Arabiya that the company is considering selling shares on global stock markets, including New York, though the IPO will be offered on the Saudi market.
Speaking at the World Economic Forum in Davos, he said the world will need to invest $ 25 trillion in new oil production capacities over the next five years to meet the growing demand.
He pointed out that the Kingdom has been working to increase oil production capacity from the current level of 12.5 million barrels a day.

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