Aramco to launch blockbuster SAR 43 bn share sale today
Institutional investors will be able to place their orders starting today until Thursday 6 June.
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Institutional investors will be able to place their orders starting today until Thursday 6 June.
News of the potential sale weighed on the company’s shares
The final price gives the company a post-IPO market cap of SAR 135 mn
The oil giant is reportedly looking to acquire Shell’s assets in South Africa.
The final price puts the company’s market cap at SAR 2.8 bn post-listing.
The offering was 6.8x oversubscribed
The offering could give the company a SAR 90 mn market cap post-listing.
The company is taking a 30% stake to market
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