Aramco To List Shares In Hong Kong ‘For Sure’

14 Nov 2017   Saudi Arabia

Saudi Aramco is still studying the international venue for its IPO, but the chief of the Hong Kong stock market is certain that the Saudi oil giant will be attracted to list shares on the Asian bourse because of the chances to draw more Chinese capital, Chinese financial magazine Caixin reported on Monday. According to Caixin, the chief executive of Hong Kong Exchanges & Clearing, Charles Li, told reporters on Monday that even if Saudi Aramco picked another international market for its listing, it “will for sure” float shares on the Hong Kong market as well, due to the stock exchange’s access to mainland Chinese markets. The preparations for Aramco’s IPO are under way, but no international market for the listing has been picked yet, Saudi Aramco’s chief executive Amin Nasser told the Al Arabiya Television channel on Sunday, reaffirming Saudi Arabia’s position that the listing will not be […]

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