Saudi Aramco to announce IPO’s price range on 17 November

Riyadh – Mubasher: Saudi Arabian Oil Company, globally known as Saudi Aramco, will announce the price range for the world’s largest initial public offering (IPO) on Sunday, 17 November.

The state-run company will set the final offer price on 5 December, according to a recent statement by Samba Capital.

The retail-offering period for the individual investors will start on 17 November until 28 November.

Moreover, the offering of a number of Aramco’s shares will be determined at the end of the book-building period.

Mubasher Contribution Time: 12-Nov-2019 08:50 (GMT)
Mubasher Last Update Time: 12-Nov-2019 08:50 (GMT)