Tags: saudi | aramco | ipo | orders

Saudi Aramco IPO's Institutional Tranche Receives $17B in Orders

Saudi Aramco IPO's Institutional Tranche Receives $17B in Orders

(Mohamed Ahmed Soliman | Dreamstime.com)

Thursday, 21 November 2019 09:14 AM

The institutional tranche of Saudi Aramco's initial public offering (IPO) has received more than 64 billion riyals ($17.1 billion) in orders, Saudi-owned news channel Al-Arabiya said on Thursday, citing a banking source.

The retail portion of the planned deal had received 10 billion riyals, it also said.

Saudi Aramco plans meetings with investors in Dubai next week, sources previously told Reuters, as it seeks to raise up to $25.6 billion for what it is expected to be the world's biggest share sale. ($1 = 3.7501 riyals) 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Markets
The institutional tranche of Saudi Aramco's initial public offering (IPO) has received more than 64 billion riyals ($17.1 billion) in orders, Saudi-owned news channel Al-Arabiya said on Thursday, citing a banking source.
saudi, aramco, ipo, orders
86
2019-14-21
Thursday, 21 November 2019 09:14 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved