The link has been copied successfully

Timeline of the Secondary Public Offering of Saudi Aramco's Ordinary Shares

saudipedia Logo
Timeline of the Secondary Public Offering of Saudi Aramco's Ordinary Shares
timeline
1 min read

June 2, 2024

The announcement of the commencement of offering 1.545 billion shares, with a price range between SAR26.7 and SAR29 per share.

The commencement of the order book-building period for institutional investors at 9:00 a.m.

June 3, 2024

The commencement of the retail investors' subscription period at 9:00 a.m. for 154.5 million shares.

June 5, 2024

The ending of the retail investment subscription period at 5:00 p.m.

June 6, 2024

The ending of the order book-building period for institutional investors at 5:00 p.m.

June 7, 2024

The announcement of the final offering price.

The announcement of the final allocation of offered shares for institutional and retail investors.

June 9, 2024

The final deadline to complete the negotiated transaction was before 9:00 a.m.

The final deadline for depositing the shares into the investment portfolios for retail investors.

Commencement of trading of the offered shares on the Saudi Exchange after executing negotiated transactions.

Depositing retail investors' shares into their investment portfolios.

The commencement of the price stabilization period which lasts for a month.

June 11, 2024

The final deadline for refunding excess subscription funds (if any) for retail investors.

The announcement of cash settlement and refunding excess subscription funds (if any).

The announcement of the completion of the offering and the total final offering price.