Saudi Aramco listing on track for 2018, says sovereign wealth fund

Reuters  |  RIYADH 

RIYADH (Reuters) - Aramco's initial public offering is on track to take place next year, Arabia's top sovereign wealth fund said on Tuesday.

"Everything is on track. 2018 is our target. There is nothing that I know about that can take us off track," Public Investment Fund Managing Director Yasir al-Rumayyan told a major investment conference in Riyadh.

Asked if the possible involvement of investors such as the Chinese would delay the IPO, Rumayyan said it would not.

Rumayyan sits on the board of

(Reporting by team, writing by Alexander Cornwell; Editing by Samia Nakhoul)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 24 2017. 13:27 IST