Saudi Aramco sets IPO price range between SAR 30-SAR 32 per share

17/11/2019 Argaam

 

State-run Saudi Aramco has set the IPO price range between SAR  30 - SAR 32 per share.

 

The world's largest oil exporter has launched today, Nov. 17 its IPO for retail and institutional investors.

 

The retail offering will close on Nov. 28, while the deadline to submit bid forms for institutional investors is set for December 4.

 

Retail investors in the world’s biggest IPO will have to bid at the top end of the price range (SAR 32 per share). The Saudi oil producer will sell up 0.5%, or 1 billion shares of the total offer shares to retail investors.

 

The offering size and final price will be disclosed on Dec. 5, following the completion of the book-building process.

 

For more details about Saudi Aramco IPO

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