Saudi stock exchange wants Aramco listing to be exclusive

2017-10-28 08:01:24

(MENAFN)Tadawul, the Riyadh stock exchange, is thinking about having its own stage of initial public offering (IPO), instead of being a part of a global offering with other markets; its chief executive said this week at the Future Investment Initiative (FII) in Riyadh.

Khalid Al-Hussan expressed to the Financial Times on the sidelines of the conference that the idea is to make the exchange an "exclusive" listing venue for an Aramco IPO.

"Our aspiration for Tadawul, as the main exchange in the region, is to be the exclusive venue for Aramco. We are doing what it takes to make sure Aramco is listed here (in Saudi Arabia) only. We aim and work hard to be the exclusive listing venue," he clarified.

An adviser close to the Tadawul confirmed to Arab News that the report is true, but refused to give any further details. More details however; are expected to appear at the FII gathering on Thursday, the source added.

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