Tadawul ready for Saudi Aramco's listing, says Al Hussan
02/05/2018
Argaam
The Saudi Stock Exchange (Tadawul) is ready from a regulatory and technical point of view to handle the initial public offering of Saudi Aramco, Khalid Abdullah Al Hussan, CEO, Tadawul, told Euromoney Conference 2018 in Riyadh on Wednesday,
"The Tadawul is prepared to take steps to ensure the Aramco weighting in the index would not be too big," he said, adding that steps in that direction could include imposing an “index cap”.
The Saudi government plans to sell about 5 percent of Aramco, hoping to raise around $100 billion in what is likely to be the world’s biggest initial public offer.
The Aramco IPO is expected to list on Tadawul and at least one other international bourse.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
SAUDI ARAMCO
25.66
(0.06)
(0.23%)
TADAWUL GROUP
125.10
(1.70)
(1.34%)
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