Saudi stock exchange pushing for ‘exclusive’ Aramco listing:
"The head of Saudi Arabia’s stock exchange has said the Tadawul is pushing to be the “exclusive” listing venue for the initial public offering of Saudi Aramco, the kingdom’s state energy giant, raising questions about the status of the international leg of what has been billed as the biggest IPO in history. Khalid Al Hussan said while the kingdom’s highest authorities had yet to make a final decision on the structure of any IPO – which New York and London have been vying to host internationally – the Tadawul was preparing for an eventuality where it could be the sole listing venue. “Our aspiration for Tadawul, as the main exchange in the region, is to be the exclusive venue for Aramco,” said Mr Al Hussan in an interview with the Financial Times in Riyadh, in which he made his first public comments on the Aramco listing."
'via Blog this'
No comments:
Post a Comment