Saudi Aramco Unveils Massive Secondary Public Offering

Saudi Aramco has announced a secondary public offering, comprising 1.545 billion shares, with the offering period starting on June 2, 2024. The price range per share is expected to be between SAR 26.70 and SAR 29.00. Retail investors will be allocated 154.5 million shares.

* ANNOUNCEMENT IN CONNECTION WITH THE LAUNCH OF A SECONDARY PUBLIC OFFERING OF ORDINARY SHARES OF THE SAUDI ARABIAN OIL COMPANY (“SAUDI ARAMCO”)

* SAUDI ARAMCO OFFERING COMPRISES A SECONDARY PUBLIC OFFERING BY THE GOVERNMENT OF 1.545 BILLION SHARES OF THE COMPANY - ADVISER * SAUDI ARAMCO OFFERING PERIOD WILL COMMENCE ON 2 JUNE 2024 - ADVISER

* SAUDI ARAMCO OFFERING PRICE RANGE FOR THE OFFER SHARES IS EXPECTED TO BE BETWEEN SAR 26.70 AND SAR 29.00 PER SHARE - ADVISER * SAUDI ARAMCO OFFERING NUMBER OF SHARES TO BE ALLOCATED TO RETAIL INVESTORS IS 154.5 MILLION SHARES - ADVISER Source text for Eikon: Further company coverage: