Saudi Aramco still mulling international listing, says Al-Jadaan

22/01/2020 Argaam

 

State-owned Saudi Aramco is still considering listing its shares internationally, Finance Minister Mohammed Al-Jadaan told Bloomberg.

 

“It’s still on the cards, we made that very clear. We will consider it, but I don’t think it’s going to be anytime soon,” Al-Jadaan added.

 

The giant oil producer started trading on the Saudi Stock Exchange (Tadawul) on Dec. 11 with the symbol 2222, and a daily price fluctuation limit of 10%, Argaam earlier reported.

 

The share sale, which started from Nov. 17 to Dec. 4, raised SAR 446 billion and was 465% oversubscribed.

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