Monday 13 November 2017

Aramco CEO Says Size of Share Offering Is Still to Be Decided - Bloomberg

Aramco CEO Says Size of Share Offering Is Still to Be Decided - Bloomberg:

"Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to Chief Executive Officer Amin Nasser.

The shares will definitely be listed in Saudi Arabia’s market known as Tadawul, Nasser told reporters Monday at a conference in Abu Dhabi. The U.K., Hong Kong and U.S. are competing for the international listing.

“We are ready for all different stock exchanges, we are prepared and ready,” Nasser said. “There’s definitely going to be a listing on Tadawul.” The decision on how much to list is being reviewed, he said."



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