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Japan Exchange Group attracting Saudi Aramco www3.nhk.or.jp
Saudi Arabian officials are preparing for an initial public offering of the world's largest state-run oil company, Saudi Aramco. They are eyeing several global markets for the 2018 debut, including the Tokyo Stock Exchange.
Saudi Industry and Mineral Resources Minister Khalid al-Falih met in Riyadh with the CEO of the Japan Exchange Group, Akira Kiyota. The group operates the TSE.
Saudi Aramco's market capitalization is estimated at more than 1.7 trillion dollars. There is also speculation the company will debut in New York or London.
After the meeting, Falih told NHK that the TSE will be given a sufficient chance.
He said the number of international companies that are listed on the TSE is not as large as other stock exchanges, so Saudi Arabia has to do its due diligence to make sure there is no reason to prevent an international company from being listed.
Kiyota said he believes the Saudi Arabian officials understood the TSE's appeal. He said he will visit the country again any time if necessary.
Published Date:2016-12-23
