{"id":605575,"date":"2023-09-03T00:00:00","date_gmt":"2023-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/aramco-wants-to-break-a-second-listing-world-record\/"},"modified":"2023-09-03T00:00:00","modified_gmt":"2023-09-03T00:00:00","slug":"aramco-wants-to-break-a-second-listing-world-record","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/03\/aramco-wants-to-break-a-second-listing-world-record\/","title":{"rendered":"Aramco wants to break a second listing world record"},"content":{"rendered":"

Aramco could return to the Tadawul with a second share sale: <\/strong> Saudi Aramco is considering selling shares worth USD 50 bn in a secondary listing on the Saudi stock exchange, in what would be the largest offering in the history of capital markets, the Wall Street Journal<\/a> reports, citing Saudi officials and other people it says are familiar with the matter. The planned listing, which follows months of consultations<\/a> with advisors, could go through before the end of the year and would be the largest offering in the history of capital markets. The company is reportedly eyeing investors including other multinational oil companies and sovereign wealth funds. <\/p>\n

Out with the wealth funds, in with the corporates: <\/strong> The UAE and Saudi Arabia have deployed USD 50 bn globally via state-owned firms so far this year \u2014 rather than sovereign wealth funds \u2014 as the Gulf monarchies look to create top companies that can compete internationally and help diversify their economies away from oil. (Bloomberg<\/a>)<\/p>\n

Also worth knowing this morning: <\/strong><\/p>\n