Saudi Aramco IPO: Oil giant to list shares on domestic bourse; prospectus issue on Nov 9
Saudi Aramco IPO: The world's most profitable company's shares are expected to begin trading in December (2019)

- Nov 3, 2019,
- Updated Nov 4, 2019 10:44 AM IST
Saudi Arabian Oil Company or Aramco on Sunday announced its intention to list its shares on Riyadh stock exchange in what could be the world's biggest initial public offering (IPO).
The world's most profitable company's shares are expected to begin trading in December (2019).
The valuation of Aramco will be decided upon during the investor roadshow and book-building for the IPO, Bloomberg reported chairman Yasir Al-Rumayyan as saying at a news conference at Aramco's headquarters in the Dhahran, Saudi Arabia.
"I think this is the right time for us," he stated. Rumayyan also added that the decision regarding the percentage of international investors as compared to the local ones is yet to be taken.
Also Read:
(With inputs from agencies.)
Saudi Arabian Oil Company or Aramco on Sunday announced its intention to list its shares on Riyadh stock exchange in what could be the world's biggest initial public offering (IPO).
The world's most profitable company's shares are expected to begin trading in December (2019).
The valuation of Aramco will be decided upon during the investor roadshow and book-building for the IPO, Bloomberg reported chairman Yasir Al-Rumayyan as saying at a news conference at Aramco's headquarters in the Dhahran, Saudi Arabia.
"I think this is the right time for us," he stated. Rumayyan also added that the decision regarding the percentage of international investors as compared to the local ones is yet to be taken.
Also Read:
(With inputs from agencies.)