Saudi Aramco on Sunday announced its intention to proceed with an initial public offering in Riyadh. The final offer price, number of shares to be sold and percentage of the shares to be sold will be determined at the end of the book-building period.
Retail investors:
- Saudi retail investors will be eligible to receive one share for every 10 allotted shares if they continuously and uninterruptedly hold the shares for 180 days from the first date of trading and listing on the exchange
- Maximum bonus shares will be 100 per investor
- Retail investors can be non-Saudi natural person who is resident in the kingdom and any GCC national
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