Saudi Arabia’s Grand Mufti, Sheikh Abdul Aziz Al-Asheikh, has green-lighted the subscription to Saudi Aramco’s initial public offering (IPO).
The Grand Mufti’s approval means that Saudi Aramco’s operations are shariah-compliant, as the main business of the company is oil and gas.
Earlier this week, Saudi Aramco floated 1.5% (or 3 billion shares) in local market for subscription.
Comments
{{DisplayName}}
{{ElapsedTime}}