Aramco’s USD 2 tn valuation ambition faces market reality
The giant oil producer’s share price has reached its lowest since March 2020
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The giant oil producer’s share price has reached its lowest since March 2020
Qualified investors can subscribe between 1-4 September
The institutional tranche was nearly 10x oversubscribed
The subscription period for qualified investors will last for seven days from 29 August to 4 September
The price range implies a market cap of SAR 1.36 bn at listing
PLUS- Chinese food delivery Keeta expands its Saudi footprint with 11 new cities
Institutional investors still have until Monday, 4 August to buy into the offering
Institutional subscriptions will kick off on Tuesday 29 July
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