You are here: Home » Markets » IPOS » News
Business Standard

Aramco IPO: Institutional tranche gains $17 bn in orders, says Al Arabiya

The retail portion of the planned deal had received 10 billion riyals, it also said.

Reuters  |  Dubai 

Saudi Aramco

The institutional tranche of Saudi Aramco's initial public offering (IPO) has received more than 64 billion riyals ($17.1 billion) in orders, Saudi-owned channel Al-Arabiya said on Thursday, citing a banking source.

The retail portion of the planned deal had received 10 billion riyals, it also said.

plans meetings with investors in Dubai next week, sources previously told Reuters, as it seeks to raise up to $25.6 billion for what it is expected to be the world's biggest share sale.

 

First Published: Thu, November 21 2019. 19:59 IST
RECOMMENDED FOR YOU