YES you read it right. Expats or any individual investor can participate to the Initial Public Offering (IPO) by the world biggest oil company, SAUDI ARAMCO. The Saudi Aramco IPO was launched November 17 and will finish on 28 November 2019.
Saudi Aramco is selling a total of 3 billion shares that is around 1.5 percent of the total — at a valuation between SR30 ($8) and SR32 per shares, giving a total valuation of between $1.6 trillion and $1.7 trillion respectively, making it the most valuable company in history.
So if you decided to participate the following are some information you need to know to subscribe / buy shares, to the so called “sale of the century” by the most profitable company in the world.
But most importantly, you are recommended to read the Saudi Aramco IPO Prospectus or visit their website for the frequently Asked Question (FAQs).
Saudi Aramco IPO Offer Price
Saudi Aramco set an offer price range of 30 SAR to 32 SAR per share. However for individual investors, using their banks online system, the indicative price is 32 SAR per share and the minimum share you can buy is 10 Shares. You can purchase share in the multiple of 10, meaning you can purchase 10, 20, 100, 110, and so on but you can’t purchase 15, 25, 35 etc.
Where and How to Participate Saudi Aramco IPO
If you have an account to the following Saudi Banks, you can easily subscribe or purchase Saudi Aramco stocks through their online platform. Take note the IPO will end November 28, 2019.
Since i am using NCB, or Saudi National Commercial Bank, i will navigate you how to do it through. First login to you NCB or Alahli Online. and you will see the following:
Chose IPO menu,
Click subscribe IPO. Since there is only one IPO at this moment you can find Saudi Aramco IPO only there. Then click on it.
As i mentioned earlier. You have to choose the number of share you want to purchase. It is priced at 32 SAR and the minimum share to purchase is 10. But you can purchase more in the multiple of 10.
For more information, please visit Saudi Aramco website.
DISCLAIMER:
THIS IS NOT A FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISER NOR CLAIMING TO BE ONE. THIS IS NOT EITHER SPONSORED BY ANYONE OR ANY COMPANY OR ORGANIZATION. SUBSCRIBING TO SUCH IS ACCORDING TO YOUR OWN DISCRETION AT YOUR OWN RISKS.
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