Domestic only—the key aspect of Aramco IPO
The state energy giant’s decision to proceed with a share sale is no surprise, but the lack of an international listing is a crucial point
“A significant milestone in the history of the company and important progress towards delivering Saudi Vision 2030”. Thus Yasir al-Rumayyan, chairman of state-owned oil production Saudi Aramco and governor of the country’s Public Investment Fund (PIF), described the early November announcement that the firm would pursue a public offering of a small volume of its shares on the Saudi domestic stock exchange. The timing of the initial public offering (IPO) —and, at times, even whether it would ever happen—had been the subject of speculation, almost since the idea that a small portion of Aramco would be offered to the public was first mentioned in April 2016, when Crown Prince Mohammed bin S
Also in this section
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
