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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.