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Saturday, 13 January 2018

MSCI expects to include Aramco in Saudi Arabia index from time of IPO | ZAWYA MENA Edition

MSCI expects to include Aramco in Saudi Arabia index from time of IPO | ZAWYA MENA Edition:

"International equity index compiler MSCI said it expected to include Saudi Aramco in its Saudi Arabia Index from the time of the oil giant's IPO, potentially triggering a big flow of funds into the shares as soon as they list in Riyadh. "Saudi Aramco will be included in the MSCI Saudi Arabia Index at the time of the IPO as long as it fulfils all eligibility criteria, including the listing of the company's shares on an eligible stock exchange and related market segment e.g. Tadawul's Main Market," MSCI said late on Thursday. The Saudi government plans to raise tens of billions of dollars by selling about 5 percent of Aramco during the second half of this year, in what could be the world's largest-ever initial public offer of shares. "



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