Aramco IPO's Listing Venue
Aramco IPO's Listing Venue

Aramco IPO's Listing Venue

Aramco IPO's Listing Venue

Saudi Arabia’s financial advisors are recommending that London, not New York, should host Saudi Aramco’s initial public offering, set to take place next year, according to sources who spoke to Reuters. Earlier rumors had it that newly crowned Prince Mohammed bin Salman preferred New York for the listing due to its connections to deep-pocketed investors, Oil Price reported. London stock market authorities have previously proposed creating a new category of listings on the exchange to accommodate Aramco’s requirements, sparking much controversy. A final decision on the location of the IPO's foreign listing had been due before the Muslim fasting month of Ramadan (May 27), but no decision has been made yet. The latest update on the listing suggests that a final proposal could be presented to the government in the fourth quarter 2017. More information on Aramco’s IPO is expected to come out of a conference organized by Saudi Arabia’s Public Investment Fund on October 24 through 26 in Riyadh, according to sources.


Short URL : https://goo.gl/diQxkY
  1. https://goo.gl/1vfZ98
  • https://goo.gl/qPKErd
  • https://goo.gl/xSymdd
  • https://goo.gl/QLhAKB
  • https://goo.gl/aP5gEs

You can also read ...

BP Suspends Work on Rhum Gas Field
BP has stopped work on Rhum Gas Field in the North Sea, which...
Iran LPG Shipments Reach 400K Tons
Iran's LPG shipments lifted or due for lifting in May fell...
Gasoline Consumption Up 8 Percent
Gasoline consumption in the second calendar month that ended...
Oil Prices Slip on Potential Easing of OPEC Supply Curbs
Oil prices eased on Wednesday as the possibility of higher...
EU Eager to Avert New US Sanctions
The European Union states have the political will to implement...
Austria's OMV Stands by Iran Project
Austrian energy group OMV is continuing with planned Iranian...
Crude Exports on a Mild Hike
Iran's crude exports have been experiencing a modest increase...

Add new comment

Read our comment policy before posting your viewpoints