DHAHRAN, May 10 (Reuters) - Saudi Aramco is in the finalstatges of preparing options for its initial public offer ofshares before presenting the options soon to its Supreme Councilfor consideration, chief executive Amin Nasser said on Tuesday.
Aramco has a huge team working on the options, which includea share listing in Saudi Arabia, a dual listing with a foreignmarket, and listings in more than two places, Nasser toldreporters.
The Supreme Council overseeing the national oil giant isheaded by Deputy Crown Prince Mohammed bin Salman, who isspearheading the kingdom's economic reform drive and has said astake of up to 5 percent of the company will be sold.
Nasser said the company's reporting and procedures werealigned with the best in the industry and it would share moreinformation with the public as required for an IPO.
Addressing media speculation, he said Aramco was not talkingto Exxon, BP or Sinopec about them buying a stake in Aramcothrough the listing. (Reporting by Rania El Ganal; Writing by Andrew Torchia)
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