Saudi Aramco Announces Secondary Public Offering of 1.545 Billion Shares

The Government of the Kingdom of Saudi Arabia and Saudi Arabian Oil Company Saudi Aramco have announced the launch of a secondary public offering SPO of 1.545 billion ordinary shares, representing approximately 0.64% of the company’s issued shares. The offering is set to commence on Sunday, June 2, 2024, marking a significant event in the global energy market. The price range for the offered shares is expected to be between SAR 26.70 and SAR 29.00 per share.

Retail investors in Saudi Arabia and other GCC countries can subscribe between Monday, June 3 and Wednesday, June 5, 2024. The final offer price and allocation will be announced on Friday, June 7, 2024. According to a Thursday statement by the Kingdom of Saudi Arabia, an offering document in relation to the Offering will be published later today on Saudi Aramco’s website. Citigroup Saudi Arabia, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, J.P.

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