The Securities Depository Center (Edaa) added on Friday, Dec. 6 the subscribed securities in the initial public offering (IPO) of Saudi Aramco to eligible shareholders’ portfolios.
The giant oil producer has set yesterday the final IPO price at SAR 32 per share. It raised SAR 446 billion from the retail and institutional tranches. The IPO was 465% oversubscribed.
Aramco also allocated up to 1,500 shares to every retail subscriber in its IPO, a full allocation ratio to 97.5% of total subscribers.
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