Riyadh – Mubasher: Hong Kong Exchanges & Clearing (HKEX) is in conversation with Saudi Arabian Oil Co, known as Saudi Aramco, regarding its planned initial public offering (IPO), said HKEX head Charles Li on Wednesday.
The HKEX still doesn't have visibility about Aramco's offering scheme, Reuters reported, citing Li as saying.
In November 2017, the head of Hong Kong stock market stated that Aramco’s listing on the HKEX will attract a large number of Chinese investors.
The Saudi government earlier said that Aramco is worth $2 trillion and aims to list on one or more foreign stock exchanges in addition to Riyadh.
