Saudi Aramco announces end of bonus shares holding period

Saudi Aramco said that the eligibility period for entitlement to receive bonus shares (180 days) has ended at the close of trading on Sunday June 7, 2020.

Eligible Saudi retail bonus investors, who continuously and uninterruptedly hold offer shares the date on which Aramco’s shares debuted on the Saudi Stock Exchange (Tadawul) until the end of trading on June 7 (the end of the bonus shares holding period), will be entitled to receive 1 share for every 10 allocated offer shares, provided that the number of shares does not exceed 100 bonus shares.  

These bonus shares will be allocated from the shares owned by the Saudi government (the Selling Shareholder).

The Securities Depository Center Company (Edaa) will credit the bonus shares to eligible retail investors’ portfolio as soon as practicable (as determined by the Selling Shareholder), within 75 days maximum after the end of the bonus holding period.

The date of transfer, once determined by the selling shareholder, will be announced by the company on Tadawul.

No person will have any rights with respect to the bonus shares until the date such bonus shares are transferred into the portfolio of such person.