Saudi Aramco Shares
The biggest news from Saudi Aramco Shares so far was recently announced. The biggest oil company will start taking bids from foreign and local investors. The news is already breaking the internet and many newspapers as it was never expected before. The share price is between 30 & 32 Saudi Riyals for 1.5 percent of shares. Sources say the IP could be worth $24 billion and value the oil giant at up to $1.7 Trillion.
Later on December 5th, the final pricing will be announced at Saudi Tadawul. Firstly, Saudi Tadawul is the Kingdom of Saudi Arabia’s official Stock Exchange. Secondly, the Representatives of Aramco mentioned some details about the shares. “It would sell a part of its shares to institutional investors, including foreign companies, individual Saudis and other Gulf nationals.”
Banks Involved in Shares
Here is a list of banks who will involved in the sares of Saudi Aramco.
- Samba Capital Investment Management will play the part of issue manager
- National Commercial Bank
- Saudi British Bank
- Samba Financial Group
- Alawwal Bank
- Arab National Bank
- Albilad Bank
- Saudi Investment Bank
- Albilad Bank
- Aljazira Bank
- Riyadh Bank
- Al Rajhi Bank
- Alinma Bank
- Banque Saudi Fransi
- Gulf International Bank
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