S&P Dow Jones, FTSE Russell could fast-track Aramco into indices - Reuters:
Index providers S&P Dow Jones and FTSE Russell told clients this week that they could fast-track Saudi Aramco’s inclusion into their indices as soon as the end of December, documents seen by Reuters showed.
MSCI, the world’s biggest provider of indexes, which are tracked or used as a benchmark by funds with trillions of dollars in assets globally, also has the potential to fast-track newly-listed companies but declined to comment on Aramco.
State-owned Saudi Aramco, the world’s most profitable company, is set to launch a share sale process on Nov. 17, aiming to raise $20 billion-$40 billion in a domestic initial public offering (IPO) in early December.
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