Saudi Aramco to transfer bonus shares to retail investors’ portfolios on July 25

Saudi Aramco announced that the government of Saudi Arabia (selling shareholder) will transfer the bonus shares into the portfolio accounts of eligible Saudi retail investors on Saturday, July 25, 2020, according to a bourse filing.

The eligibility period for entitlement to receive bonus shares ended on June 7.

Eligible Saudi retail bonus investors, who continuously and uninterruptedly hold offer shares the date on which Aramco’s shares debuted on 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.