Saudi Aramco will sell 0.5% of shares to retail investors
Saudi state oil giant Saudi Aramco will sell 0.5 per cent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday.

The more than 600-page prospectus did not include details of how much of the company would be floated in total or of any commitments from anchor investors.

Sources have said the company could sell 1 per cent to 2 per cent on the Saudi stock market in what could be the world's largest listing. Offering for the shares will begin on Nov 17, the prospectus said........

Part of an article found in today's The New Paper
Users browsing: 1 Guest(s)

Forum Jump: