Saudi Arabia is considering where to sell shares in its mammoth oil company, Aramco, and New York, London and other international stock exchanges are still in the running. "Quite frankly, Saudi Aramco is too big and too important for the kingdom to be subjected to that kind of risk." Saudi Arabia is planning to sell 5% of Aramco, the world's biggest oil producer, via an initial public offering. Related: Trump to Saudi Arabia: Bring Aramco IPO to AmericaSaudi officials have said that Aramco could be worth $2 trillion, more than six times the value of Exxon Mobil (XOM), although independent estimates are lower. Related: 6 ways life in Saudi Arabia will change in 2018It will also transform the Saudi stock exchange, the Tadawul, where Aramco will have its primary listing.

Source: CNN March 08, 2018 16:30 UTC