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Equities

Saudi exchange wants Aramco IPO all to itself

CEO says the bourse is prepared to handle $100bn float

Saudi Aramco's Manifa oilfield.   © Reuters

RIYADH, Saudi Arabia -- As the world's biggest oil producer Saudi Aramco heads toward a blockbuster listing, the leader of Saudi Arabia's stock exchange wants to make sure the offering stays local.

"We aspire to be the sole exchange to undertake the full listing," Khalid Al Hussan, CEO of the Saudi Stock Exchange, told Nikkei last week during the Euromoney business conference here in the Arabian capital.

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