Thursday 11 January 2018

Saudi Bourse ‘Taking All Measures’ for Successful Aramco IPO - Bloomberg

Saudi Bourse ‘Taking All Measures’ for Successful Aramco IPO - Bloomberg:

"Saudi Arabia’s stock market is pulling out all the stops for what could be the world’s largest initial public offering. The exchange, known as Tadawul, is prepared for Saudi Arabian Oil Co.’s share sale regardless of the structure that the company decides to use for the listing, Chief Executive Officer Khalid Al Hussan said in an interview on Wednesday. “Tadawul will be the home exchange for Aramco, and, if there is another exchange, the decision will be coming from the issuer in due course,” Al Hussan said. The bourse is “taking all measures to ensure Aramco comes successfully to the market,” he said."



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