S'pore eyes slew of incentives to woo Aramco IPO: sources

London

SINGAPORE is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co, according to people familiar with the matter, as global exchanges compete for a slice of what could be the world's largest-ever initial public offering.

The island nation is studying proposals, including inviting one of its state investment companies, to become a cornerstone investor in Aramco's IPO, as well as potential Singapore cooperation with the Saudi government on future investments, the people said. Singapore Exchange Ltd management, including chief executive officer Loh Boon Chye, visited Saudi Arabia late last year to pitch a listing on the bourse, according to the people, who asked not to be identified as the information is private.