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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.
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Credit: Al Jazeera STUDIO - Published < > Embed
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.

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