Thursday, 1 February 2018

In Aramco IPO, China talks crucial for choice of listing venue- sources | ZAWYA MENA Edition

In Aramco IPO, China talks crucial for choice of listing venue- sources | ZAWYA MENA Edition:

"Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges in addition to Riyadh. "



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