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Saudi Aramco meets top officials from London, Hong Kong bourses

by ChemOrbis Editorial Team -
  • 07/12/2017 (10:59)
According to media reports, Lord Mayor of City of London and the senior executives from the London Stock Exchange are heading to Riyadh, Saudi Arabia to engage in talks with Saudi Aramco regarding the company’s IPO plans. Professional services provider PwC and asset management company Standard Life Aberdeen will also reportedly attend the meetings.

Earlier this month, senior officials from Hong Kong were also reportedly in Riyadh to meet Saudi Aramco’s officials in an attempt to secure Saudi Aramco’s shares in their stock exchanges while US President Donald Trump previously urged the company to list in New York Stock Exchange (NYSE) or Nasdaq.

The company is planning to raise as much as $100 billion upon its initial public offering in 2018.
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