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Nasdaq CEO: World Anticipates Aramco Issuance | ASHARQ AL-AWSAT English Archive 2005 -2017
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CEO of Nasdaq Adena Friedman speaks at the Women in Finance Symposium at the Treasury Department in Washington, in this July 12, 2011 file photo. (Reuters)

Riyadh – CEO of Nasdaq Adena Friedman said that Nasdaq has huge opportunities in the shares issuance of the Saudi oil giant Aramco, seeing as it includes the five biggest companies in the world and is a home to company leaders in various sectors.

Friedman told Asharq Al-Awsat that any company that seeks to become a global one and wants to determine its economy future should naturally refer to Nasdaq.

She added: “Aramco listing in Nasdaq will introduce us better to the Saudi market and how this economy grows.”

It will also help “build ties between Aramco and leaders of other listed categories in Nasdaq index and create a great community that would help Aramco’s expansion to new regions and help other companies enter the Saudi market.”

Despite the competition, the CEO affirmed that Nasdaq has high chances to win the Aramco shares because it is considered “the best in the market”.

Friedman added: “When we look at the companies drawing their sector’s future and determining the economy future, then I think that stock is what helps achieve these purposes. We also provide enormous amounts of services to our clients to facilitate their transformation into public companies.”

Friedman expected a huge impact by Aramco issuance of shares on international markets.

“The company is highly associated with the Saudi economy. I think the whole world is anticipating this event and this might be a new model for some emerging markets to privatize part of their economy,” she added.

The Nasdaq CEO revealed that she will hold a series of meetings with Saudi officials in the future and that she has already met with a major government consultant.

She revealed that she was “informed of the various aspects of requirements to achieve the wanted change.”