Aramco sees negotiated deals ahead of Sunday

Logo of Saudi Aramco

The Saudi Exchange (Tadawul) said that negotiated deals will be executed on Saudi Aramco’s shares on Sunday, June 9, by the institutional tranche.

Tadawul will facilitate a session prior to the opening auction (pre-market) for only negotiated deals on Saudi Aramco on June 9.

For More IPOs

The negotiated deals session will allow the members participating in Aramco’s secondary offering to place negotiated deals only on the company’s shares.

Usual market hours for all listed securities will remain the same, where the opening auction will start at 09:30 AM.

Negotiated deals conducted prior to the opening auction (pre-market) on June 9 will be reflected on the negotiated deals page on Tadawul’s website.

The world’s largest oil exporter announced a secondary offering to sell 1.54 billion shares, or nearly 0.64% of its issued shares. Aramco has SAR 90 billion capital, divided into 242 billion shares with no nominal value.

The book-building process which started on June 2 ended today, June 6.

The price range was set between SAR 26.7 and SAR 29 per share.