Aramco IPO, Explanation of IPO, Share Value, Number of Shares for Individuals, Highlights of Aramco IPO
Saudi Aramco has published answers to key questions about how to subscribe.
The mechanism and how to subscribe to those eligible would be announced later.
The company asserted that it is the Government of Saudi Arabia that sells the shares as the shareholder of the company.
The company’s shares will be listed on Tadawul, the main stock market in Saudi Arabia.
Subscribers are invited to read the information available in the prospectus as soon as it is published, and to contact the subscriber bank or any of the receiving banks listed on the company’s website.
Here are a set of common questions and answers:
– Where do I go to apply for shares?
Depending on your bank, there are a number of ways you can apply for shares: either by visiting the branch, phone, e-banking, ATM, or through other sales channels provided by banks.
For questions and inquiries, please contact your bank.
– My bank is not on the list, what can I do?
Only banks listed on the company’s website can receive applications.
Please contact any bank of your choice to discuss the application process.
Who can buy shares?
All Saudi nationals, GCC nationals and some foreigners residing in Saudi Arabia are entitled to subscribe to the shares either through a bank account or an investment portfolio with a receiving bank.
– Where can I find the application form?
The application form is available through participating banks as soon as the offer is open for subscription. The list of participating banks is listed on the company’s website.
– What is the minimum amount I can invest so that I can buy shares?
The mechanism and how to subscribe will be announced later to those who meet the conditions. More information can be found at ipo.saudiaramco.com, as well as through participating banks.
– What is the largest amount I can invest?
There is no specific ceiling for it.
– How much will the share price be?
The price range will be determined within the next few weeks. The price range covers the lowest and highest price per share offered in the IPO, and the final price of the share within that range will be determined at the end of the subscription period.
How to subscribe?
First, you should read all available information about the IPO, including the prospectus, which will be available on the Company’s website, including all company and financial information, including risk assessment.
The stock price range will be announced in due course, then you will need to decide how much you want to invest based on the upper limit of that price range.
If you decide to apply, you can do so by contacting a receiving bank. Details of these banks are available on the company’s website.
After submitting the application, you will be informed at the end of the process of the number and price of the shares allocated to you.
– Will bonus shares be offered (bonus shares), discount on shares or any other type of incentive available to invest in the subscription?
Saudi Individuals, who hold their shares continuously and without interruption for 180 days, will receive (1) bonus shares for every (10) shares they buy upon subscription; up to (100) bonus shares.
– Can I apply on behalf of other family members, including children?
The head of the family can subscribe and have an agency. Please refer to the prospectus for more information.
– How much should I invest?
You should decide whether or not to invest, and the amount of the investment, based on your specific circumstances, and after careful consideration of all the information in the prospectus that you can see on the company’s website.
If you have additional questions, please contact your financial advisor / bank.
– Where can I get more information about Saudi Aramco?
The Company’s prospectus will be made available on the Company’s website and on the websites of the receiving banks. It includes all detailed company and financial information, including risk assessment.
For more details, visit the Saudi Aramco IPO section.
