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Saudi Aramco Announces Offering Size, Final Offer Price of its Shares
Published in Saudi Press Agency on 06 - 12 - 2019

Saudi Arabian Oil Company (Saudi Aramco) has announced the end of the book-building period and the setting of the final offer price for the offering, at SR 32 for a share.
Saudi Aramco said in a statement that the offering size (excluding any exercise of the purchase option) is 3,000,000,000 shares, comprising 1.5% of the company's share capital.
The offering process generated subscriptions by institutional subscribers of SR397 billion/USD106 billion, which, together with the total demand from individual investors in the offering, equals SR446 billion/USD119 billion, or 465% of the total offer shares (assuming no exercise of the purchase option).
The company said that the offering amount is SR96 billion/USD25.6 billion (assuming no exercise of the purchase option).
The offer shares allocated to individual investors comprise 33.3% of the offer shares (which is equivalent to 0.5% of the company's share capital), while the offer shares allocated to institutional subscribers comprise 66.7% of the offer shares (which is equivalent to 1.0% of the company's share capital), (in each case, assuming no exercise of the purchase option).
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17:28 LOCAL TIME 14:28 GMT
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www.spa.gov.sa/2007703


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