Week 48 – News Update From the Kingdom

Saudi Arabia’s Samba Financial Group announced on Thursday that Saudi Aramco’s initial public offering has attracted approximately 73 Billion riyals in institutional and retail orders so far. Saudi Aramco has also been in talks with officials from Kuwait’s sovereign wealth fund and investors in Dubai as it looks to market its IPO to regional buyers….
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Week 47 – News Update from the Kingdom

Saudi Aramco launched its IPO for retail and institutional investors on November 17 and has set the share price between SAR 30 – SAR 32. The retail offering will close on November 28 while the deadline for institutional investors is set for December 4. The initial offering is made up of one billion shares or…
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Week 46 – News Update from the Kingdom

The Saudi Aramco IPO will be available for local Saudi investors to start bidding on the 17th November, although the exact size of the initial offering has not been confirmed. According to the official prospectus Saudi Aramco is going to offer its 73,000 employees $1 billion in shares and has been in talks with wealthy…
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Week 45 – News Update from the Kingdom

Saudi Arabia recently hosted the third Future Investment Initiative (FII) at the Ritz Carlton in Riyadh. The event ended on Thursday with 24 investment deals worth $20 billion reported to have been signed across energy, transport, oil and gas, petrochemicals and manufacturing. In other news, Saudi Aramco has confirmed that it plans to list 1%…
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