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Saudi exchange could absorb all of Aramco's IPO: CEO
October 26, 2017 / 6:10 AM / a month ago

Saudi exchange could absorb all of Aramco's IPO: CEO

RIYADH (Reuters) - Saudi Arabia’s stock exchange could absorb the entirety of Saudi Aramco’s IPO-ARMO.SE initial public offering, the exchange’s Chief Executive Officer Khalid al-Hussan said on Thursday.

FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

Saudi officials have said Aramco plans to list the oil giant’s shares on the local bourse and on one or more foreign exchanges.

Reporting By Andrew Torchia and Hadeel Al Sayegh; Writing by Tom Arnold; Editing by Tom Hogue

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