Global  

Saudi Aramco confirms to sell 0.5% to retail investors, lockup period for government

Reuters India Saturday, 9 November 2019
State-owned Saudi Aramco will sell 0.5% of its shares to individual shareholders and the government will have a lockup period of at least six months on further share sales after the initial public offering, its prospectus said on Saturday.
0
shares
ShareTweetSavePostSend
 
Video Credit: Al Jazeera STUDIO - Published
News video: Aramco IPO expected to lean on Saudi investors and China

Aramco IPO expected to lean on Saudi investors and China 03:06

As Saudi Arabia gears up to sell shares in its national oil company - questions remain about how much it is really worth.

You Might Like


Related videos from verified sources

Saudi Arabia values oil giant Aramco far below original target [Video]

Saudi Arabia values oil giant Aramco far below original target

The government is preparing Saudi Aramco for what could be the world's biggest-ever initial public offering.

Credit: Al Jazeera STUDIO     Duration: 01:36Published
Jim Cramer: 'I Don't Really Care About Uber' Unless it Sells Uber Eats [Video]

Jim Cramer: 'I Don't Really Care About Uber' Unless it Sells Uber Eats

Jim Cramer weighs in on Uber, which had its lock-up period expire Wednesday, Nov. 6. Shares of ride-hailing giant Uber touched record lows on Wednesday, with the stock backing up more than 6% at the..

Credit: The Street     Duration: 01:05Published

Related news from verified sources

Saudi Aramco stock offering to launch November 17, gives few details on IPO size

The prospectus said the government will have a “statutory lockup period” for disposing of any shares after the listing for six months, and a contractual...
Hindu

Saudi Aramco IPO's retail tranche attracts $12.6 billion: lead manager

Saudi Aramco sold 1,481,613,280 shares worth 47.4 billion Saudi riyals ($12.64 billion) to retail investors, while institutional orders amounted to 118.86...
Reuters India


Tweets about this