Saudi Aramco may offer discounted shares to citizens
Saudi Arabia
Dubai - Arab Today
Saudi Aramco which is planned its initial public share offering is also considering discounted shares for local investors, according to a Bloomberg report, quoting ‘people with knowledge of the matter’.
According to the report, the oil giant is looking at ways to structure the IPO in various tiers, so that Saudi buyers can receive the stock at a lower price than overseas investors.
This is in line with the practice in the Kingdom, where shares in government-owned companies have been offered to nationals at nominal value.
The stock market regulator last year approved new rules to price initial public offerings based on demand.
According to John Sfakianakis, director of economic research at the Gulf Research Center, it is how the government has in the past shared wealth with its nationals “as some recent measures have impacted incomes.”
The share pricing or listing venue for the Saudi Aramco IPO has not been decided.
Source :Al Arabiya
- Saturday ,11 November GMT 18:30 2017 Dubai to get spillover boost from Aramco listing says DIFC chief
GMT 14:05 2017 Tuesday ,19 December
Schlumberger to build land rigs at King Salman Energy ParkGMT 14:54 2017 Wednesday ,13 December
Aramco lifts spending plans to $414bn over next decadeGMT 18:30 2017 Saturday ,11 November
Dubai to get spillover boost from Aramco listing says DIFC chiefGMT 22:59 2017 Thursday ,09 November
Britain to provide Saudi Aramco with $2bn credit guaranteesGMT 16:24 2017 Sunday ,08 October
Saudi Aramco expands in India
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 11:30 2017 Friday ,14 April
Montella throws down gauntlet for first all-Chinese Milan derby
GMT 18:06 2017 Friday ,28 April
Dr Khalid bin Mohammed Al Attiyah met today with UK Parliamentary
GMT 15:10 2017 Saturday ,15 July
India’s Infosys eyes artificial intelligence profits
GMT 18:28 2017 Tuesday ,03 October
Egypt-World Bank cooperation unprecedentedly successful
GMT 20:53 2018 Monday ,22 October
PM Imran Khan to leave for Saudi Arabia today
GMT 08:20 2018 Tuesday ,16 January
Lamborghini races to new sales record
GMT 04:58 2017 Saturday ,08 April
Egypt's Sisi 'may use legal powers' in Aya Hegazi case after verdict
GMT 00:19 2017 Wednesday ,13 December
Switzerland chainsaw attack: 5 hurt in Schaffhausen
GMT 23:26 2017 Saturday ,22 April
Trump: Paris Shooting 'Looks Like Another Terrorist Attack'
GMT 03:24 2017 Sunday ,26 March
Uber ordered to a take down billboards in Egypt for 'violating tradition'
GMT 23:55 2017 Thursday ,16 November
Saudi pavilion at Sharjah Book Fair displays 2,400 titles
GMT 23:31 2017 Monday ,20 November
Sharjah Ruler visits National Institute of Oncology in Cairo
GMT 06:28 2017 Saturday ,17 June
US destroyer, Philippine vessel collide off southern Japan: Navy
GMT 00:16 2017 Friday ,03 November
OPEC daily basket price announced for Tuesday, 24th October, 2017
GMT 04:18 2017 Wednesday ,31 May
Japan’s tight labor market offers hope for consumer spending
GMT 20:07 2017 Wednesday ,01 March
Microsoft announces new head for Middle East and Africa
GMT 09:51 2017 Tuesday ,07 November
Broadcom makes $130 bn mega-bid
GMT 20:53 2017 Tuesday ,07 March
Syrian forces retake Aleppo water-pumping station
GMT 08:04 2017 Saturday ,18 March
Moroccan Police Arrest Three ISIS Sympathizers in Fez
GMT 00:05 2017 Monday ,09 January
Dad pleads for help after frail newborn, wife rack up huge hospital bill
GMT 11:15 2017 Monday ,01 May
Hanan Metawe reveals details of her accident
GMT 03:07 2017 Monday ,27 March
Bulgaria's Borisov bounces back again
GMT 22:18 2017 Thursday ,16 November
Hariri to arrive in France Saturday to meet Macron
GMT 06:09 2017 Monday ,20 February
Australian man crashes car into oncoming traffic on major highway, killing 1 , injuring 2
GMT 06:43 2017 Monday ,13 February
Pakistan retaliates after US denies politician visa
GMT 07:49 2017 Tuesday ,28 November
Hussein Fahmy underlines financial sources
GMT 10:10 2018 Thursday ,15 November
Big Little Lies author Liane Moriarty: Sibling rivalry made me write books
GMT 16:48 2018 Tuesday ,30 October
Massive gathering in Quneitra at support of Golan locals’ rejection to local councils’ elections
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor