Saudi Aramco to float 1.5% stake in IPO

17/11/2019 Argaam

 

Saudi Aramco, the world's largest oil exporter, will sell 1.5% stake, or 3 billion shares in its initial public offering (IPO).

 

The company has paid-in capital of SAR 60 billion, divided into 200 billion ordinary shares without par value.

 

The giant oil producer set the IPO price range between SAR 30 - SAR 32 per share.

 

For more details about Saudi Aramco IPO

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