Saudi Aramco will instantly vault Saudi Arabia’s stock market into the ranks of the world’s largest when the oil producer’s shares begin trading Wednesday after its initial public offering.
The Saudi stock exchange will hold an opening auction for Aramco shares that will last from 9:30 a.m. to 10:30 a.m. local time, 30 minutes longer than usual. Continuous trading will start after that, with price changes limited to 10 per cent up or down.
