Saudi financial institutions gear up to Aramco’s IPO through specialized investment funds

05/11/2019 Argaam Special

 

A list of Saudi financial institutions is gearing up to participate in Saudi Aramco’s initial public offering (IPO) through specialized investment funds in the company during the offering and post-listing periods, sources told Argaam on Tuesday.

 

One of the key funds is run by Alkhair Capital, which is an open-ended private fund that aims to boost capital on the short and medium runs.

 

The fund is expected to invest its assets primarily in Saudi Aramco's shares during the IPO, secondary markets in Saudi Arabia, as well as international markets later on.

 

These funds are usually targeting experienced investors as per the Capital Market Authority.

 

State oil giant Saudi Aramco has officially announced on Sunday its intention to launch its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).

 

For more details about Saudi Aramco IPO

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