alexa

Search in IndianMoney.com

 
Home News Alibaba Group

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Saudi exchange to limit Aramco index weighting with cap

Monday, December 2, 2019, 9:18 PM

Saudi Arabia's Tadawul has introduced an equity-index-cap of 15% which is set to address concerns over the weighting oil-giant Saudi Aramco will have when it lists on the exchange. State-owned oil-firm-Aramco is expected to list 1.5% of its shares this month in a deal which could raise more than $25-billion and top the record IPO of Chinese-retailer Alibaba on the New-York Stock-Exchange in 2014.