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Friday, November 29, 2019

Saudi Aramco IPO's retail tranche attracts $12.6 billion: lead manager

RIYADH (Reuters) - Saudi Aramco sold 1,481,613,280 shares worth 47.4 billion Saudi riyals ($12.64 billion) to retail investors, while institutional orders amounted to 118.86 billion riyals in the first 12 days of the book-building period, lead manager Samba Capital said.

Institutional orders in the IPO included 54% from Saudi cooperates, 24.1% from Saudi funds and 10.5% from non-Saudi investors, Samba said in a statement on Friday.

The subscription period for institutional investors remains open to Dec. 4.

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