Saudi Energy Minister Khalid Al-Falih told a conference in Riyadh that Saudi Aramco’s inaugural, $12bn bond sale, was “only the beginning,” Bloomberg reported.
“There will be more,” he added. “I won’t tell you what and when, and it won’t be bonds only.”
The company IPO was shelved due to the SABIC acquisition, and is set for a 2021 date. Al-Falih said that date “could slip a little bit, could come forward.”
“Aramco sooner than you think will be accessing equity markets,” he added.
