United States President Donald Trump on Saturday asked Saudi Arabia to list Saudi Aramco on the New York Stock Exchange (NYSE).
Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!
— Donald J. Trump (@realDonaldTrump) November 4, 2017
The state-run oil giant, which is the world’s largest oil company, is scheduled to offer five percent of its shares in 2018 in a listing that could raise $100 billion.
While Saudi Aramco will be listed partially on Tadawul, it is also expected to do a dual-listing with another stock market internationally.
Aramco has still not chosen an international bourse for the IPO although New York and London are seen as leading contenders
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