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Non-Saudi investors get 23% of Aramco IPO institutional tranche

Oil&Gas Materials 10 December 2019 16:03 (UTC +04:00)

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.

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