The world's largest IPO will radically transform the way in which Saudi Arabia's economy operates, according to the chief executive of the Saudi Stock Exchange.
) will radically transform the way in which Saudi Arabia's economy operates, according to the chief executive of the Saudi Stock Exchange.'s Tadawul is the only confirmed listing exchange for state-owned energy giant, Saudi Aramco. The kingdom has estimated the much-anticipated listing of the world's top oil company could be worth up to $2 trillion.
Saudi Aramco is looking to become the world's most valuable company when it lists a 5 percent stake in an IPO either later this year or in early 2019. In March, the Tadawul's progress received a timely boost to its preparations as the country's stock market received approval to join the benchmark FTSE Emerging Markets index. That was widely seen as a positive step, as the approval is expected to push billions of fresh international capital onto Riyadh's relatively small exchange.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mom brings unique thrift store concept from Finland to UtahA thrifting concept from half a world away is catching on in Utah. In Finland they shop at thrift stores in which people rent a small booth and sell gently used clothing, accessories and home goods.
Weiterlesen »
New beetle species boasts ‘very large’ penis: ‘Unique genitalia’Colombian scientists learned the true meaning of the expression “big things come in small packages.”
Weiterlesen »
Greeley clinic using unique radiation therapy to treat non-melanoma skin cancerThe Skin Cancer Foundation reports there are more people diagnosed with skin cancer every year in the United States than all other cancers combined.
Weiterlesen »
REDACTED: Police force uses unique argument to keep nearly all its officers’ names secretA Virginia police force is using an unusual rationale for withholding officers' names from public view. Transparency advocates worry more departments may follow suit.
Weiterlesen »
Big Shoulders Coffee focused on giving customers great drinks and a unique experience'Coffee is this great catalyst for community,' owner Tim Coonan said. 'It's also one of those places that creates a meeting spot for the community.'
Weiterlesen »