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Monday, 8 May 2017

Saudi Arabia's stock market overhaul ahead of Aramco floatation

Saudi Arabia's stock market overhaul ahead of Aramco floatation:

"The flotation of Saudi Aramco, the desert Kingdom's national oil company, promises to be the biggest initial public offering of all time.

And, even if the amount at which the company is valued turns out to be lower than the original sums mooted, it will still be a colossal event for financial markets.

While most attention in the UK has been on the fees bonanza the City can expect and on whether the London Stock Exchange will be one of the exchanges on which Saudi Aramco's shares will be listed, the Saudis themselves are hoping that the flotation will have a huge impact on how their economy is perceived by the rest of the world."



'via Blog this'