Deals
Saudi Exchange Aims to Be Sole Listing Venue for Aramco Shares
- Tadawul aspires for exclusive role in possible record IPO: CEO
- London, New York bourses also vying to attract Aramco listing
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Saudi Arabia’s stock exchange is gunning for the exclusive right to list shares of oil giant Aramco and will compete with other bourses seeking a piece of what could be the world’s biggest initial public offering, the head of the Saudi exchange said.
The kingdom plans next year to sell a stake in Saudi Arabian Oil Co., as the world’s biggest oil exporter is known formally, and exchanges in London and New York are among those vying for a role.