News
29 November 2019

Saudi Aramco IPO's retail tranche oversubscribed, says Samba Capital

In:
Oil & gas
Region:
Middle East & Africa

The retail portion of Saudi Aramco’s initial public offering has been oversubscribed, with orders reaching SAR38.1 billion ($10.2 billion) according to lead manager Samba Capital. Aramco plans to sell a 1.5% stake, or about 3 billion shares, and has said at least one-third of the sale is...

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