Saudi Aramco likely to list on multiple exchanges at same time: minister

Thu Feb 2, 2017 7:21am EST
 
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RIYADH (Reuters) - Saudi Aramco is likely to list its shares simultaneously on more than one exchange but this is still under evaluation, Energy Minister Khalid al-Falih said on Thursday.

Asked by reporters if Aramco would list first on the Saudi bourse and then on another exchange abroad, Falih said: "It will probably be done concurrently, but we have not announced. We are evaluating. All our options are open."

The planned listing next year of up to 5 percent of Aramco, expected to be the world's biggest initial public offer of shares, is a centerpiece of the Saudi government's plan to diversify the economy beyond oil.

(Reporting by Katie Paul; Writing by Rania El Gamal; Editing by Andrew Torchia)

 
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007.    REUTERS/ Ali Jarekji/File Photo