Saudi Aramco says Goldman Sachs may stabilize offer of some securities

10/12/2019 Argaam

 

Saudi Aramco received on Tuesday a notification from Goldman Sachs Saudi Arabia, its IPO stabilizing manager that it may stabilize the offer of the following securities based on the price stabilization mechanism instructions, the company said in a statement to Tadawul.

 

Under the IPO, the stabilizing manager may execute transactions to stabilize the market price of the shares to the extent permitted by the Stabilization Instructions.

 

Such transactions may be effected on the exchange and may be undertaken at any time during the stabilizing period.

 

The stabilizing manager will disclose any allocation of over-allotments and price stabilization processes undertaken with regard to the offering to the extent required by the stabilization instructions.

 

For more details about Saudi Aramco IPO

Price stabilization securities

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