Aramco to work with ministries, foreign parties for IPO: chairman

The board of directors of Saudi Arabian Oil Co. (Saudi Aramco) will work to achieve the highest standards of competency, transparency and efficiency, Yasir al-Rumayyan, new chairman of Saudi Aramco and head of the country's sovereign wealth fund, PIF, told the Saudi Press Agency (SPA).

“We will work with Saudi ministries and international actors to prepare for the initial public offering (IPO) of Saudi Aramco, in line with Saudi Vision 2030,” al-Rumayyan added.