Appetite high for Aramco’s $10bn second listing

Appetite high for Aramco’s $10bn second listing

Now is the right time for the Saudi state oil company Aramco to follow through on its much-anticipated second share listing, industry experts have said. Observers believe that growing international investor appetite for the region’s stock markets makes the timing attractive. However, geopolitical regional tensions, concerns about global oil demand, and high interest rates could […]

Aramco’s second listing planned

Could raise SAR40bn

Regional tensions may weigh

Now is the right time for the Saudi state oil company Aramco to follow through on its much-anticipated second share listing, industry experts have said.

Observers believe that growing international investor appetite for the region’s stock markets makes the timing attractive.

However, geopolitical regional tensions, concerns about global oil demand, and high interest rates could also weigh on the listing.

Gulf markets attracting more international investors

Oil service company shares dive on Aramco decision

Aramco awards $3.3bn contract for new gas facilities

Saudi Aramco is considering raising around SAR40 billion ($10 billion) on the Riyadh stock exchange, as early as this month, according to Bloomberg sources. 

The proceeds would be transferred to the kingdom’s sovereign wealth fund to finance the diversification of the local economy.

The Saudi government holds about 90 percent of Aramco, and the Public Investment Fund owns a further 8 percent.

The oil