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BRIEF-Saudi's CMA Approves Aramco's Listing Request


BRIEF-Saudi's CMA Approves Aramco's Listing Request
Image Credit: Reuters

CAPITAL MARKET AUTHORITY: * APPROVES SAUDI ARAMCO REQUEST TO LIST

* APPROVED THE SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) APPLICATION FOR THE REGISTRATION AND OFFERING OF PART OF ITS SHARES * ARAMCO COMPANY'S PROSPECTUS WILL BE PUBLISHED PRIOR TO THE START OF THE SUBSCRIPTION PERIOD

* CMA'S APPROVAL ON THE APPLICATION SHALL BE VALID FOR 6 MONTHS FROM THE CMA BOARD RESOLUTION DATE * ARAMCO PROSPECTUS INCLUDES ALL RELEVANT INFORMATION THAT THE INVESTOR NEEDS TO KNOW BEFORE MAKING AN INVESTMENT DECISION

* ARAMCO PROSPECTUS INCLUDES COMPANY'S FINANCIAL STATEMENTS, ACTIVITIES AND MANAGEMENT * APPROVAL SHALL BE DEEMED CANCELLED IF THE OFFERING AND LISTING OF THE COMPANY'S SHARES ARE NOT COMPLETED WITHIN 6 MONTH PERIOD Source text for Eikon: Further company coverage:

Also Read: UPDATE 7-Saudi Aramco aims to begin planned IPO on Nov. 3 -sources

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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