Riyadh – Mubasher: Listing Saudi Aramco’s shares in the Stock Exchange of Hong Kong Limited will attract more Chinese investors to its initial public offering (IPO), Reuters on Wednesday reported, citing Hong Kong Exchanges & Clearing’s (HKEX) CEO, Charles Li as saying.
“It will become a great platform for the two major sovereigns to use that as a potential platform for broader level of financial or strategic investment decisions,” Li added, referring to China and Saudi Arabia.
In a previous period, Li indicated that Aramco will implement the IPO in the Stock Exchange of Hong Kong Limited as the bourse will attract large number of Chinese investors to participate.
In April 2016, the Saudi Crown, Mohammed bin Salman, said the Kingdom will sell 5% stake of the largest oil firm in the world in 2017, or 2018.
