Saudi Aramco to list on Saudi Stock Exchange in December

RIYADH - Saudi Oil Company "Aramco" will list on the Saudi Stock Exchange (Tadawul) on Dec 11, Al Arabiya TV said Tuesday.

An employee passes an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. (Photo: Agencies)

The IPO will take place on Nov 3, said the report, adding pricing will start on Nov 17 with a final price for the float expected to be announced on Dec 4.

It aims to raise up to $100 billion from the IPO of a five-percent stake of the company with a $2 trillion valuation, which could make it the most valuable company in the world.