Saudi Aramco may offer discounted shares to citizens
Saudi Arabia
Dubai - Arab Today
Saudi Aramco which is planned its initial public share offering is also considering discounted shares for local investors, according to a Bloomberg report, quoting ‘people with knowledge of the matter’.
According to the report, the oil giant is looking at ways to structure the IPO in various tiers, so that Saudi buyers can receive the stock at a lower price than overseas investors.
This is in line with the practice in the Kingdom, where shares in government-owned companies have been offered to nationals at nominal value.
The stock market regulator last year approved new rules to price initial public offerings based on demand.
According to John Sfakianakis, director of economic research at the Gulf Research Center, it is how the government has in the past shared wealth with its nationals “as some recent measures have impacted incomes.”
The share pricing or listing venue for the Saudi Aramco IPO has not been decided.
Source :Al Arabiya
GMT 05:23 2017 Tuesday ,02 May
Saudi Aramco sponsors petroleum engineers symposiumGMT 10:02 2017 Monday ,24 April
Aramco’s green plans look rosy ahead of IPOGMT 05:30 2017 Monday ,17 April
Aramco’s refinery plans set to sweeten IPOGMT 05:56 2017 Monday ,10 April
Linde Group celebrates compelling operating conceptGMT 05:16 2017 Monday ,10 April
Making Aramco more attractive to investorsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 20:20 2017 Saturday ,16 December
Mary J. Blige on her transformation for 'Mudbound'
GMT 07:38 2017 Wednesday ,05 July
50 arrested in Pakistan for attending 'obscene' dance party
GMT 14:43 2018 Thursday ,01 November
Russian MoD: Ankara hasn’t implemented all responsibilities according to Idleb Agreement
GMT 22:33 2017 Monday ,21 August
Library fire in southern Italy causes 3 deaths
GMT 13:38 2013 Thursday ,22 August
MAC Cosmetics presents Indulge collection
GMT 11:06 2016 Thursday ,15 September
WADA urges Russia to stop doping hacks
GMT 11:57 2017 Tuesday ,12 September
Hurricane Irma: International efforts in the Caribbean
GMT 11:57 2018 Wednesday ,10 January
Eurozone unemployment falls to 9-year low as recovery strengthens
GMT 10:23 2017 Thursday ,27 July
Egypt's FM meets Libyan army commander in France
GMT 08:44 2017 Monday ,27 November
Yemeni vice president meets Saudi crown prince
GMT 12:34 2017 Tuesday ,10 October
45 ships transit Suez Canal
GMT 09:48 2017 Wednesday ,06 September
Boeing objects to United Technologies-Rockwell Collins tie-up
GMT 11:31 2016 Wednesday ,17 August
Macau gaming slump weighs
GMT 08:09 2018 Monday ,10 December
Lebanon’s property market ‘on the brink of collapse’
GMT 09:59 2018 Tuesday ,27 November
King Abdullah II attends military drill at Narashino Airborne Brigade
GMT 16:42 2018 Tuesday ,16 October
Terrorist organizations practiced all types of organized crime against SyriansGMT 13:48 2011 Saturday ,22 October
Rugby is changing children\'s lives in Senegal
GMT 18:35 2015 Thursday ,23 July
Bianchi's death overshadows Budapest build-up
GMT 08:31 2017 Saturday ,22 July
President Sisi has busy schedule last week 5 Cairo
GMT 15:44 2014 Friday ,14 February
Inexpensive, meaningful Valentine\'s Day gift ideas
GMT 14:41 2017 Wednesday ,11 October
Bourse loses EGP 3 bn
GMT 07:31 2017 Wednesday ,26 July
Saudi website provides job opportunities for women
GMT 07:54 2016 Tuesday ,26 July
Solar plane completes epic round-the-world trip
GMT 01:38 2017 Friday ,07 April
Woman with depression in desperate need of professional help
GMT 17:56 2017 Monday ,07 August
Egypt-Press-Headlines
GMT 18:29 2017 Sunday ,13 August
Medical cooperation between Egyptian, Saudi sides
GMT 19:34 2017 Saturday ,28 January
Libya's presidential council chief hails efforts of Libyan army in Benghazi
GMT 10:01 2017 Sunday ,13 August
Plan to prevent outbreak of epidemic diseases among pilgrims
GMT 05:32 2017 Friday ,24 March
Water carriers in Madagascar bear brunt of global crisisGMT 14:23 2011 Tuesday ,12 July
Tehran to host intl. festival of ritual performances
GMT 18:06 2017 Saturday ,25 March
Bank Nizwa reports first net profit since inception
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor