Saudi Aramco issues supplementary IPO prospectus

State-owned Saudi Aramco has issued a supplementary prospectus for its initial public offering (IPO).

The supplementary prospectus should be read with the main offering prospectus issued on Nov. 9.

The giant oil producer set the IPO price range between SAR 30 - SAR 32 per share. It will float a 1.5% stake, or 3 billion shares in its initial public offering (IPO).

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.

For more details about Saudi Aramco IPO