Saudi Aramco won't breach maximum weight for firms in Saudi index: Argaam

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Saudi Aramco won't breach maximum weight for firms in Saudi index: Argaam
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Saudi Aramco's weighting in Saudi Arabia's main stock index once the o...

FILE PHOTO: A sign of Saudi Aramco's initial public offering is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo

“There is a ceiling for the maximum weight any listed company on the Saudi index can reach, it will be around 15%. It is unlikely that Aramco’s weight will reach the maximum level,” Argaam financial website quoted Tadawul chief executive, Khalid al-Hussan, as saying.

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