Saudi Aramco unveils incentives system for IPO's retail investors

State-owned Saudi Aramco said on Sunday that every retail investor, who continuously and uninterruptedly hold their shares for 180 days from the debut date on Tadawul will receive one bonus share for every ten shares they purchase in the initial public offering (IPO).

An eligible bonus investor would be entitled to receive up to a maximum of 100 free shares.

The bonus shares will be allocated from the government’s shareholding. No fractional bonus shares will be awarded and each eligible bonus investor is entitled to this incentive only once.

Each of the bonus shares will be the same class and have all the same rights as all other shares of the company, the statement added.

Eligible individual investors in the IPO comprise Saudi nationals, including any Saudi female proven to be a divorcee or widow with minor children from a marriage to a non-Saudi person who can subscribe for her own benefit or in the name of her minor children.