Non-Saudi investors in oil giant Saudi Aramco’s initial public offering have been allocated 23.1% of the institutional tranche, one of the lead banks working on the transaction said on Tuesday, Trend with reference to Reuters reports.
Saudi government institutions were allocated 13.2% of the institutional tranche, Samba Capital added in a statement. Saudi corporates snapped up the biggest percentage of allocations at 37.5%.
The final value of the overall institutional tranche was 397 billion riyals ($105.86 billion), it said.