No price stabilization transactions executed on Aramco as of date: Merrill Lynch

Logo of Saudi Arabian Oil Co. (Saudi Aramco) 

Merrill Lynch Saudi Arabia announced, in its capacity as the price stabilization manager for the secondary offering of Saudi Arabian Oil Co. (Saudi Aramco) that no price stabilization transactions have been executed as of date.

The price stabilization period ends no later than July 9, 2024, it said, in a statement to Tadawul today, June 27.

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Saudi Aramco launched secondary offering to sell 1.54 billion shares, or nearly 0.64% of its issued shares, at SAR 27.25 each. The share trading and price stabilization period began on June 9, 2024.