Saudi Exchange aspires to be exclusive venue for Aramco IPO: CEO

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RIYADH (Reuters) – Saudi Arabia’s stock exchange aspires to be the exclusive venue for the listing of Saudi Aramco’s IPO-ARMO.SE initial public offering, the exchange’s Chief Executive Officer Khalid al-Hussan said on Thursday.

Visitors are seen at the Saudi Aramco stand at the Middle East Process Engineering Conference & Exhibition in Manama, Bahrain, October 9, 2016. REUTERS/Hamad I Mohammed

The exchange, known as Tadawul, was working hard to convince Aramco of the merits of such a move, but the company had not yet made a decision, al-Hussan said.

Reporting By Andrew Torchia and Hadeel Al Sayegh; Writing by Tom Arnold; Editing by Christian Schmollinger

Our Standards:The Thomson Reuters Trust Principles.

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