(MENAFN) Saudi Arabia Finance Minister announced that Sudi Aramco's IPO is proceeding forward and that every option on where to list shares of the giant oil producer is open.

During an interview in Riyadh Tuesday, Finance Minister Mohammed Al-Jadaan stated that the prominent Saudi Arabian Oil Co is "on track" for strategies to list shares on the local bourse Tadawul and probably on foreign exchanges.

The minister stated "we are still selecting our options, Tadawul is only one of the options, we are not ruling out any of these at this stage, we are going through a lot of discussions, a lot of assessment, what is the best for the company, because this is not a normal IPO, this is an IPO of the world. We need to make sure that we don't leave any stone untouched and un-turned to ensure that we are doing what needs to be done to choose the right place."

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