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Aramco yet to choose int’l market for IPO

Aramco yet to choose int’l market for IPO
Saudi Aramco is the largest oil company in the world

Riyadh - Mubasher: Although preparations for the awaited Saudi Aramco initial public offering (IPO) are proceeding, the stock market where it will take place is yet to be decided, the company’s CEO said in a TV interview on Sunday.

Amin Nasser added in an interview with Al Arabiya that Aramco’s shares will certainly be listed on the Saudi Stock Exchange (Tadawul), however, an decision on the international bourse is yet to be taken.

The CEO mentioned the New York, London, Tokyo, and Hong Kong stock exchanges as potential venues.