Riyadh –  The Saudi Stock Exchange (Tadawul) welcomed Saudi Arabian Oil Company’s (Saudi Aramco) intention to proceed with an initial public offering (IPO) on the Main Market.

Tadawul’s capabilities and readiness to become the listing venue for, what is expected to be, the world’s largest IPO, according to the bourse statement on Sunday.

“We are proud that Saudi Aramco has selected Tadawul as the venue for the intended listing of its shares,” Khalid Al Hussan, CEO of Tadawul, commented.

He added that Tadawul and all its systems are ready to receive the largest listing in the history of financial markets, which will mark a major milestone in Tadawul’s journey and bolster our position among international stock exchanges.

“The listing of Saudi Aramco’s shares is a major event for Tadawul and a significant milestone towards the realization of Vision 2030. We will make every effort, alongside our partners in the Saudi Capital Market, to ensure this listing is a success and secures Tadawul’s position as a leading international stock exchange,” Al Hussan said.

Source: Mubasher

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