Saudi Aramco IPO subscriptions reach SR73bn in first 5 days

  • 11/22/2019
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Institutional subscriptions in the first five days reached SR58.39 billion Retail subscriptions during this period totalled SR14.59 billion RIYADH: Subscriptions for Saudi Aramco"s initial public offering have so far reached nearly SR73 billion ($19.5 billion), Saudi Arabia’s Samba Capital said Thursday. Institutional subscriptions in the first five days reached SR58.39 billion, Samba, one of the banks managing the deal said. Retail subscriptions during this period totalled SR14.59 billion. “Retail and Institutional subscription levels for the first five days of the offering have reached unprecedented scale, demonstrating the confidence of investors in Saudi Aramco, and we anticipate further increases in subscription levels during the remainder of the offering period,” Samba Capital Vice Chairman Ms. Rania Nashar, said.

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