Tuesday, 29 April 2025

Merrill Lynch announces information on Aramco’s share sale

Merrill Lynch Kingdom of Saudi Arabia, acting as stabilising manager, hereby announces the following information in connection with the offer of the following securities in accordance with the Instructions on the Price Stabilization Mechanism in Initial Public Offerings as issued by the Capital Markets Authority:

Issuer: Saudi Aramco
Securities: Ordinary shares with no nominal value.
Description: Secondary offering of ordinary shares (the “Offering”).
Offering size: 1,545,000,000 ordinary shares excluding Over-allotment Option.
Offer price: SAR 27.25.
Market: Saudi Stock Exchange (Tadawul).
Stabilising Manager: Merrill Lynch Kingdom of Saudi Arabia
Stabilisation period expected to end no later than: 9 July 2024 (close of business) (the period from 9 June 2024 to 9 July 2024 being the “Stabilisation Period”)

 

 

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