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Saudi Arabia is holding crucial talks with the New York Stock Exchange to enlist the American exchange as one of its bourses for Saudi Aramco's public offering.
Saudi foreign chief Adel al-Jubeir stated on Thursday that they are planning to seal the deal around 2018. He added the decision will be struck on the IPO's financial advantages.
Al-Jubeir said they are currently meeting several exchanges and financial institutions to find the most efficient strategy to stage Saudi Aramco's IPO.
Reports had said London's LSE and Canada's TSE are being considered for the state oil company's public listing.
