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FinancialNews
11-01-18
Saudi Arabia to make an effort to achieve booming IPO
(MENAFN) The stock market in Saudi Arabia is making a great effort to pull off its major initial public offering.
During an interview, CEO Khalid Al Hussan announced Tadawul to be set for a share sale of Saudi Arabian Oil Co, despite the listing structure which the company settled for.
The CEO declared "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." He added that the bourse is "taking all measures to ensure Aramco comes successfully to the market."
MENAFN1101201800450000ID1096336925
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