while the remaining 1% would be for institutional investors. That 1% is equivalent to 2 billion shares. In the first 2½ weeks of Aramco's book-building period, it drew subscription orders for 5.9 billion shares.
According to a statement by Aramco, Saudi Arabia is offering about 1.545 billion Aramco shares, about 0.64 percent of the company, with an expected price range between 26.70 and 29.00 Saudi riyals (7 to 7.7 U.S. dollars). If an over-allotment, or greenshoe option, is exercised, the Saudi...
The price gives Aramco a valuation of $1.88 trillion and makes it the largest listed company in the world. Aramco's public debut, which listed 1.5% of its shares locally on the Saudi Tadawul, is the largest on record — topping the $25 billion Alibaba raised when it went public in Septe...
Saudi Arabia is selling roughly $12bn worth of shares in its national oil company Saudi Aramco, as the kingdom seeks further capital for its sovereign wealth fund. The Saudi government will sell at least 1.545bn shares, or 0.64 per cent, of the world’s largest oil company at a price be...
17 (Xinhua) -- Saudi oil company Aramco announced on Sunday an indicative price range of 30-32 riyals per share (8-8.5 U.S. dollars) for its planned public offering (IPO) which would value the company at 1.6 to 1.7 trillion dollars. An updated version of the IPO prospectus states that...
USD. This makes Saudi Aramco the world's6thmost valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth...
Saudi Steel Pipe's Unit Signs Contract To Supply LSAW Pipes To AramcoFeb. 10RE Tadawul Shares End Week Higher; Aramco Hikes Asian Crude Prices for MarchFeb. 06MT Saudi Aramco Increases Crude Prices for AsiaFeb. 06MT Crude Oil Prices Find Support from Saudi Aramco's Price Hike, but Trump...
Saudi Aramco has raised $25.6bn from the initial public offering (IPO) of shares in the company, making it the biggest-ever IPO in history. In a statement released on 5 December, Aramco said it has set a final price of SR32 ($8.53) a share, which, when multiplied by the 200 billion...
The Saudi government remains the dominant shareholder in Aramco, with shares also going towards the kingdom’s sovereign wealth funds as part of its efforts to rapidly diversify the country’s economy away from oil. Saudi Arabia’s vast oil resources, located close to the surface of the desert...
A market value of 1.7 trillion dollars falls short of the 2 trillion dollars valuation targeted by Saudi Crown Prince Mohammed bin Salman when he first revealed his ambition to sell shares in Aramco back in 2016. Saudi Energy Minister Abdulaziz bin Salman said on Friday in Vienna that Saudi Ar...