Saudi Arabia committed to Aramco IPO: crown prince

Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public offering but only at the right time, Crown Prince Mohammed bin Salman has said. "We are committed to the IPO of Saudi Aramco based on appropriate conditions and at the right time," Prince Mohammed told the pan-Arab daily Asharq al-Awsat in an interview published on Sunday. Saudi Arabia plans to sell up to five percent of the world's largest energy firm and hopes to raise up to $100 billion.

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