Saudi Stock Exchange CEO on Aramco IPO

The transcript discusses the historic listing of Aramco on the Saudi Stock Exchange, highlighting the significance of this event for Saudi Arabia. It covers the preparedness of trading systems to handle the surge in trading activity and the smooth execution of trades. The transcript also emphasizes the role of Aramco's listing in attracting foreign investors and enhancing the market's attractiveness. Finally, it details the process and implications of Aramco's inclusion in the stock index, including its anticipated weight.

What makes Aramco's listing a historical moment for Saudi Arabia?

• It is the first company to be listed on the Saudi Stock Exchange.

• It is the largest company ever listed on the Saudi Stock Exchange.

• It is the first time the Saudi Stock Exchange has listed a technology company.

• It marks the first time a foreign company is listed in Saudi Arabia.

How did the Saudi Stock Exchange ensure smooth trading during Aramco's listing?

• By reducing the trading hours.

• By limiting the number of trades per day.

• By upgrading their trading systems and conducting extensive tests.

• By only allowing domestic investors to trade.

What is one of the main goals of Aramco's listing on the Saudi Stock Exchange?

• To diversify into new industries.

• To reduce the company's operational costs.

• To increase the number of domestic investors.

• To attract more foreign direct investment.

What factors contribute to attracting foreign investors to the Saudi Stock Exchange?

• The presence of technology companies and government incentives.

• The size of the companies listed and the economic stability of Saudi Arabia.

• The low trading fees and short trading hours.

• The number of domestic investors and the variety of industries.

What is the anticipated weight of Aramco in the index after its listing?

• 8% to 9%

• 10% to 11%

• 5% to 6%

• 7% to 8%