The decision, taken by the Capital Market Authority, takes effect from January 1, 2021
Starting November 8, newly listed stocks will be allowed to rise or fall 30 per cent on their first three days of trading
Aramco will pay a dividend of $18.75bn for the quarter
The stock exchange is planning to complete its own share sale within the next 24 months
The offering will comprise of 27,180,000 ordinary shares
Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019
The kingdom needs an oil price of $84 to balance this year’s budget
Goldman Sachs Group, one of the underwriters of the deal, exercised the over-allotment option and increased the offering
On the second day of trading on Riyadh’s stock exchange, Saudi Aramco briefly soared past the target
The Jfirm is strengthening its in-house asset management capabilities before the Saudi stock market opens up in the first half of 2015.
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