Here is Saudi Aramco’s IPO timeline

11/11/2019 Argaam

 

Saudi Arabian Oil Co. (Saudi Aramco) announced on Sunday prospectus for the initial public offering of a part of its shares.

 

Here’s a look at Aramco’s IPO timeline:

 

Aramco’s IPO Timeline

Requests submission and book building process for subscribed institutions

18 days from Nov. 17 until Dec. 4, 2019

Requests submission and retail investors’ IPO

10 days from Nov. 17 until Nov. 28, 2019

Requests submission for institutions

Dec. 4, 2019

Deadline for subscribed retail investors to submit their subscription forms and payment for IPO subscription

Nov. 28, 2019

Final IPO price announcement

Dec. 5, 2019

Announcement of final allotment of subscribed institutions and retail investors

Dec. 5, 2019

Deadline for subscribed institutions to pay IPO subscription

Dec. 8, 2019

Deadline for retail investors surplus repayment

Dec. 12, 2019

Expected date for trading kick off

After fulfilling all regulatory requirements and procedures

For more details about Saudi Aramco IPO

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