The Aramco IPO was officially launched at a press conference in Dhahran on 3 November. Saudi Arabia’s Capital Market Authority has approved plans for a partial listing on Saudi Arabia’s Tadawul domestic exchange. However, key questions such as the size of the offering and Aramco’s valuation, or even the date for the planned listing, have yet to be confirmed.
The next big landmark is set to be the release of the IPO prospectus on 9 November. (CONTINUED - 906 WORDS)