Taps open for Saudi listings after Aramco's record IPO

DUBAI/RIYADH (Reuters) - Several Saudi Arabian companies are planning to list shares on the Riyadh exchange in coming months in the wake of oil giant Aramco's record IPO. Saudi Aramco raised $29.4 billion by listing about a 1.7% stake on the Tadawul in December, prompting concerns from some analysts that it would drain liquidity from the market. But the Tadawul's average turnover over the past month, excluding Aramco, has stayed above the average turnover for 2019. "Aramco has demonstrated the..