According to sources, the world's largest publicly traded company, Saudi Aramco, already talks to Wall Street banks to draw up scenarios for a second listing abroad. The company would be preparing if Saudi Ruler Mohammed bin Salman actually approved the plan.
Aramco assesses a secondary offer even after its December offer was below Prince Mohammed's expectations. The company sold less than 2% of its capital and opted for a local listing, as international investors did not accept the $2 trillion valuation target.
However, this would not happen this year due to market conditions, the weight of the coronavirus outbreak and the weak outlook for commodity prices. Currently, the oil-producing company is focused on Asian stock exchanges as possible listing locations, although no final decision has been made, people said.