Should Petronas be listed on Bursa?

The upcoming listing of the world’s largest company in terms of market capitalisation and profitability has indeed come at a time when we in Malaysia should perhaps be asking the same question – should we list Petronas on Bursa Malaysia?

Saudi Aramco (Aramco) launched its much awaited prospectus last week and the share offering will start tomorrow, while listing is probably be in mid-December. While the final number of shares for sale as well as price is yet to be finalised, but it is widely believed that its offering for the Tadawul stock market listing would entail retail offering of just 0.5% of the company’s current size.