Logo of Saudi Arabian Oil Co. (Saudi Aramco)
Saudi Arabian Oil Co.'s (Saudi Aramco) weight in the FTSE Russell Global Equity Index will increase from 1.85% to 2.38% during the December 2024 periodic review, which will be effective as of Dec. 23, 2024, FTSE Russell said in a statement.
The decision comes after the company’s disclosure on June 9, 2024, which was in line with the FTSE Russell Index Policy for Free Float Restrictions.
The following table shows the current weight of Saudi Aramco in the FTSE Russell indices as of Oct. 31, 2024, closing, and the expected new weight based on the weight increase to 2.38%:
|
Aramco’s Weight on FTSE Russel Indices |
|||
|
Index |
Current Weight (1.85%) |
New Weight (2.38%) |
Change |
|
FTSE Russell Global All Cap |
0.0376 % |
0.0483 % |
+0.0107% |
|
FTSE Russell Emerging Markets All Cap |
0.3708 % |
0.4753 % |
+0.1045% |
|
FTSE Russell Saudi All Cap |
8.9368 % |
11.1846 % |
+2.2478% |
|
FTSE Russell Global |
0.0416 % |
0.0534 % |
+0.0118% |
|
FTSE Russell Emerging Markets |
0.4140 % |
0.5307 % |
+0.1167% |
|
FTSE Russell Saudi Equities |
9.5449 % |
11.9256 % |
+2.3807% |
According to data available on Argaam, the Saudi government and Saudi Aramco announced last June the closing of the secondary public offering.
The government sold 1.545 billion shares of the oil giant, representing nearly 0.64% of Aramco’s issued shares.
Saudi Aramco detailed the company’s post-allocation shareholding, as follows:
|
Post-Allocation Shareholding |
|
|
Investor Categories |
Ownership to Issued Shares (%) |
|
International Institutional Investors |
0.73 % |
|
Domestic Institutional Investors |
0.89 % |
|
Retail Investors |
0.76 % |
|
Other Shareholders including the Saudi Government |
97.62 % |
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