SGX in talks with Saudi Aramco on secondary listing

It is slated to be listed in 2018.

According to Reuters, Singapore Exchange has held talks with Saudi Aramco on a secondary listing, two sources familiar with the matter said on Monday, after the oil and gas company suggested last week it would likely list on more than one exchange.

The planned listing next year of up to 5 percent of Aramco is expected to be the world's biggest initial public offer (IPO). Saudi Energy Minister Khalid al-Falih said last week the company was evaluating concurrent listings on more than one exchange. The two sources told Reuters that the talks with SGX were still at an early stage, with Aramco reviewing several markets including New York, London, Hong Kong and Japan.

Read the full story from Reuters here.