saudi arabia in talks with nyse for aramco ipo
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Saudi Arabia in talks with NYSE for Aramco IPO

Egypt Today, egypt today

Egypt Today, egypt today Saudi Arabia in talks with NYSE for Aramco IPO

Adel bin Ahmed al-Jubeir
Riyadh - Arab Today

Saudi Foreign Minister Adel bin Ahmed al-Jubeir said that the Kingdom is in “serious discussions” with the New York Stock Exchange about the bourse being one of the exchanges for the state-owned giant oil company, Aramco’s IPO.

Aramco is set to start offering its shares for sale to major investors in Saudi Arabia and the world in the coming months.

The listing will create the world’s largest-ever sovereign investment fund, following the IPO. The state-owned giant oil company would rank among the world’s most valuable companies well above the American gigantic tech company Apple Inc.

Serious discussions 
“Our objective is to try to complete the IPO sometime in 2018,” Jubeir said during an interview with Fox News. “There are serious discussions about having the NYSE to be one of the exchanges for Armco IPO.”

“I believe the decision will be made on bais of the financial merits,” he added.

This comes on the heel of a Saudi -Japanese announcement that Aramco and Tokyo Stock Exchange are considering forming a joint group to review probabilities of having the Japanese bourse be one of the exchanges for the Aramco IPO.

Saudi authorities plan to offer up to 5 per cent of the world’s largest oil producer on the local stock exchange - Tadawul – in addition to one or more global markets.

London, Hong Kong, Singapore, Toronto, and Tokyo are also feverishly competing for a slice of the first public offering, likely the largest of its kind in the world, with a potential revenue of $100 billion to the Kingdom.

Source :Al Arabiya

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi arabia in talks with nyse for aramco ipo saudi arabia in talks with nyse for aramco ipo



GMT 13:04 2018 Wednesday ,03 October

Qureshi agreed cooperation with United States

GMT 08:37 2017 Wednesday ,09 August

Gulf diplomatic crisis splits families, dashes dreams

GMT 12:50 2015 Wednesday ,28 January

15 Israeli soldiers killed in Hezbollah missile attack

GMT 11:52 2018 Tuesday ,23 January

Saudi university to open driving school for women

GMT 03:50 2017 Sunday ,23 April

Drought-hit Somalia moves closer

GMT 09:30 2017 Saturday ,08 July

Law enforcement forces in N. Sinai in manhunt

GMT 09:20 2017 Sunday ,29 October

World downhill champion Stuhec out of Olympics

GMT 09:08 2017 Tuesday ,15 August

Iranian drone buzzes US aircraft over Gulf

GMT 08:28 2017 Friday ,07 July

Beauty & hair magazine

GMT 12:10 2015 Thursday ,26 November

UAE Space Agency launches Planet Mars contest

GMT 14:27 2018 Thursday ,01 November

German businesses support closer EU-Russia ties

GMT 14:56 2018 Monday ,08 October

Barca held again as Sevilla lead La Liga

GMT 22:20 2012 Thursday ,08 November

RMA launches manufacturing plant in Bahrain

GMT 18:27 2014 Saturday ,27 December

Internet outage in area between Cairo, Kafr el-Dawwar

GMT 10:40 2018 Monday ,24 September

South Korea-Japan summit to be held

GMT 09:56 2018 Tuesday ,18 September

Gulf Air receives Thales InFlyt Experience officials

GMT 22:52 2018 Wednesday ,05 September

Porcshe GT3 back for 10th season
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday