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Thursday, 2 February 2017

Saudi Aramco likely to list on multiple exchanges at same time: minister | Reuters

Saudi Aramco likely to list on multiple exchanges at same time: minister | Reuters:

"Saudi Aramco is likely to list its shares simultaneously on more than one exchange but this is still under evaluation, Energy Minister Khalid al-Falih said on Thursday. Asked by reporters if Aramco would list first on the Saudi bourse and then on another exchange abroad, Falih said: "It will probably be done concurrently, but we have not announced. We are evaluating. All our options are open." The planned listing next year of up to 5 percent of Aramco, expected to be the world's biggest initial public offer of shares, is a centerpiece of the Saudi government's plan to diversify the economy beyond oil."



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