Business & Money | Thursday 28 November, 2019 1:53 am |

Samba Capital and Investment Management Company (“Samba Capital”), in its capacity as Lead Manager for Saudi Arabian Oil Company (“Saudi Aramco”), announces that retail subscription results as at 8pm of November 27, totaled SAR 32,570,124,160 representing total subscribers of 3,717,666 and total subscribed shares of 1,017,816,380 with the following breakdown by channel:

 

• Phone Banking: 1.60%
• Automated Teller Machine: 23.03%
• Internet Banking: 38.08%
• Branches: 37.29%

Last day of subscription for the retail tranche is Thursday 1/4/1441H (corresponding to 28/11/2019G) 

 

Rania Nashar, Deputy Chairman of “Samba Capital”, commented, “The growing level of demand among retail investors – as reflected in the day-to-day subscription results – is demonstrative of the high level of confidence in Saudi Aramco’s investment proposition and the promising financial prospects of the company. Furthermore, the IPO results reflect the belief of the investing community and the Saudi population in the economic and strategic direction the Kingdom of Saudi Arabia is taking.”