Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) can be the only venue for implementing the planned initial public offering (IPO) on the Saudi Arabian Oil Co, known globally as Saudi Aramco, Reuters on Thursday said, citing the CEO Khalid al-Hussan as saying.
Tadawul is ready to implement the technological IPO of Aramco, Al-Hussan previously added, noting that the Saudi body need more details of the planned IPO.
In 2016, Saudi Crown Prince, Mohammad bin Salman said that his country planned to list 5% stake of the Aramco, expecting to collect $100 billion if the company will be valued at $2 trillion as it was forecasted.
