The shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday.
The long-awaited IPO of the world's largest and most profitable company will list locally on the Tadawul, Saudi Arabia's stock exchange.
An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia.DUBAI — Saudi Arabian Oil Company, or Saudi Aramco, has priced its shares at the top of its indicative range for its initial public offering , Reuters reported Thursday citing three sources familiar with the decision.
The long-awaited IPO of the world's largest and most profitable company will list locally on the Tadawul, Saudi Arabia's stock exchange, and forms the centerpiece of Crown Prince Mohammed bin Salman's Vision 2030 aimed at transforming the Saudi economy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Saudi Aramco IPO institutional tranche 2.95 times oversubscribedThe institutional tranche of Saudi Aramco's planned initial public offering...
Baca lebih lajut »
Saudi auto services firm raises $50 million to invest in Aramco IPOSaudi Automotive Services Co said on Wednesday it is raising 190 million riyals ...
Baca lebih lajut »
Institutions have subscribed for 5.9 billion shares of Aramco IPO - lead bankersSaudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for...
Baca lebih lajut »
OPEC and Aramco Are Too Close for ComfortNews that OPEC may extend output curbs at their meeting this week initially sent benchmark crude prices up. Spencerjakab explains why that may not necessarily be a good thing for Saudi Aramco shareholders. WSJWhatsNow
Baca lebih lajut »
Saudi king invites Qatar emir to Riyadh summitSaudi Arabia's invitation to Qatari emir could presage a thaw in the relationship that has become increasingly tense in recent years.
Baca lebih lajut »
Saudi minister looks to make his mark as OPEC meeting gets underwayJust over three months on the job, Saudi Arabia's energy minister has already faced unprecedented challenges.
Baca lebih lajut »