Saudi Aramco IPO raises SAR 27 bln by end of Nov. 26
As many as 3.1 million retail investors injected SAR 27.04 billion to subscribe to 845.1million shares of Saudi Aramco by the end of Nov. 26, Samba Capital said in a statement.
The IPO lead manager added that 1.79% of investors submitted bids through phone banking, 23.81% through ATMs, 37.92% through internet banking and 36.48% through bank branches.
The retail offering will close on Thursday, Nov. 28.
The level of demand witnessed during the IPO is a strong indicator of the trust that the investing community has in the strength of the company’s financial position, in addition to the rising level of financial awareness amongst Saudi citizens – demonstrated through their efforts to increase their savings by investing in companies offering attractive returns, Samba Capital’s Deputy Chairman Rania Nashar said.
|
Aramco IPO (Tenth Day) |
|||||
|
Days |
Number of subscribers (mln( |
Funds raised (SAR bln) |
Number of subscribed shares (bln) |
Number of shares offered (bln) |
Coverage ratio (%) |
|
Fifth Day |
1.82 |
14.59 |
0.46 |
1.00 |
46% |
|
Ninth Day |
2.63 |
21.77 |
0.68 |
1.00 |
68% |
|
Tenth Day |
3.10 |
27.04 |
0.85 |
1.00 |
85% |
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