trending Market Intelligence /marketintelligence/en/news-insights/trending/bcdidia-ss-kaoykhbqqla2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Saudi Arabia planning Riyadh-only listing for Aramco in 2019

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift


Report: Saudi Arabia planning Riyadh-only listing for Aramco in 2019

Saudi Arabia is planning to list state oil giant Saudi Arabian Oil Co. exclusively on the Saudi Stock Exchange (Tadawul) in 2019 amid legal concerns overseas and higher oil prices, The Wall Street Journal reported, citing government officials and others close to the process.

Saudi Crown Prince Mohammed bin Salman, who is set to meet with U.S. President Donald Trump in Washington on March 20, seems to have conceded that legal risks of a listing in New York could be "insurmountable," the report's sources said.

Rising oil prices have also bolstered Saudi Arabia's budget and have obviated the need for an international IPO for Saudi Arabian Oil, or Aramco, Saudi officials also said, according to the report.

New York, London and Hong Kong had been reportedly included in the shortlist of possible venues for the company's international listing, which was projected to raise as much as $100 billion. The oil producer was estimated to be worth as much as $2 trillion.

As Riyadh proceeds with the sole local listing of Aramco, it will take more time to decide whether an international listing still has merit, added the report, which also cautioned that the government could still move ahead with an international IPO in 2019.

CNBC News also reported, citing sources familiar with the situation, that Aramco's local listing is expected to take place first in the second half of 2018, followed by a possible international listing later.

In a statement, Aramco said "a range of international options are still being held under active review" in addition to a listing on its "home exchange" in Riyadh, according to the reports.