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Monday, 26 September 2016

Saudi Aramco evaluating foreign exchanges for 2018 | GulfNews.com

Saudi Aramco evaluating foreign exchanges for 2018 | GulfNews.com:

"Saudi Aramco is looking at a number of foreign exchanges, including London, New York and Hong Kong, for a partial listing of the oil giant in 2018, chief executive Amin Nasser said on Monday.
The state-oil firm plans to list as much as 5 per cent on Saudi Arabia’s stock exchange, the Tadawul, and at least one foreign exchange as part of efforts to wean the country’s economy away from hydrocarbon sales.
“This thing will happen in 2018,” Nasser told reporters at a conference in Dubai. He said “other exchanges” were also under consideration without disclosing where."



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