Saudi Stock Exchange Chairman says market is ready for Aramco IPO

Saudi Aramco will list on the Tadawul on December 11, sources told Al Arabiya. (File photo: Reuters)

Chairman of the Saudi Stock Exchange (Tadawul) Sarah al-Suhaima said on Tuesday that the market was ready for Saudi Aramco’s listing.

“We are ready for more and larger listings,” she said at the Future Investment Initiative in Saudi Arabia.

Saudi Aramco will list on the Tadawul on December 11, Al Arabiya sources confirmed earlier.

Saudi Capital Markets Authority's announcement of the intention to float the initial public offering (IPO) will take place on November 3.

Pricing will start on November 17 with a final price for the float expected to be announced on December 4.

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Last Update: Thursday, 31 October 2019 KSA 10:08 - GMT 07:08
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