November 29, 2019 / 12:14 PM / 7 days ago

Saudi Aramco IPO's retail tranche attracts $12.6 bln -lead manager

RIYADH, Nov 29 (Reuters) - Saudi Aramco sold 1,481,613,280 shares worth 47.4 billion Saudi riyals ($12.64 billion) to retail investors, while institutional orders amounted to 118.86 billion riyals in the first 12 days of the book-building period, lead manager Samba Capital said.

Institutional orders in the IPO included 54% from Saudi cooperates, 24.1% from Saudi funds and 10.5% from non-Saudi investors, Samba said in a statement on Friday.

The subscription period for institutional investors remains open to Dec. 4. ($1 = 3.7500 riyal) (Reporting by Marwa Rashad and Aziz El Yaakoubi; editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below