Saudi Aramco initial public offering (IPO) Update

Saudi Aramco is set to begin its long-planned initial public offering (IPO) on 3 November, according to a report.

The Saudi Arabian oil giant will start the process of its stock market debut on that date after delaying the deal to give itself time to win over cornerstone investors, Reuters said today, citing three sources.


Aramco plans to float a stake worth between one per cent and two per cent of the company on the Saudi kingdom’s Tadawul market, in a debut that could be worth more than $20bn.

Source / More : CITY A.M

Source / More : Saudi Aramco insiders say the kingdom has set a date for its IPO, CITY A.M

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