Thursday 09, August 2018 by Kudakwashe

No plans for talks with Saudi Aramco about IPO, says Canada's TMX

 

The Toronto Stock Exchange (TMX) had campaigned for a piece of the IPO, but Saudi Arabia has since suspended trade and investment ties with Canada.

  

Canada’s TMX Group said it has not had recent talks with Saudi Aramco about a partial listing on the Toronto Stock Exchange as part of the oil firm’s initial public offering (IPO) that it currently has no plans for further dialogue, reported Reuters.

The row has threatened to undermine the Kingdom’s foreign investment drive.

 

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