Saudi Aramco to disclose final IPO price on Dec 5

12/11/2019 Argaam

 

Saudi Aramco, the world's largest oil producer, will announce the final offering price on Dec. 5, the company said in its IPO prospectus earlier this week.

 

Additionally, the final allocation of institutions and retail investors shares will be also revealed on Dec. 5.

 

Meanwhile, the IPO price range of the state-owned oil producer will be disclosed on Sunday, Nov. 17, Argaam reported today, citing an official document published in Saudi banks. 

 

The book-building process for institutional investors will run from Nov. 17 through Dec. 4, while the retail offering period will begin on Nov. 17 and close on Nov. 28.  

 

The world's largest oil exporter will sell a maximum of 0.5% of total offered shares to retail investors, Saudi Aramco earlier said in the IPO prospectus.  

 

For more details about Saudi Aramco IPO

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