Oil & Gas
Aramco’s IPO could entice Saudi individuals back to local bourse
(Bloomberg) –Saudi Aramco’s gigantic initial public offering could trigger a return by retail investors to the Riyadh stock exchange as individuals snap up shares in the world’s most profitable company.
The oil behemoth said over the weekend in its offering prospectus that as much as 0.5% of the stock will be allocated to individual investors, while leaving potential buyers in the dark about the size of the stake it plans to sell and the pricing range.
Read: Aramco’s record IPO starts November 17; size of offering pending
Were the company to fetch a valuation of $1.5 trillion — lower than the range aimed for by Saudi Arabia, but closer to estimates by foreign investors — the portion set aside for individuals could be $7.5 billion. Some locals have been selling part of their equity portfolios recently to raise cash for Aramco stock, according to analysts and investors.
Locals were consistent net sellers even before the IPO was confirmed, stepping up their disposals amid rising geopolitical concerns, such as the September drone attacks on Aramco’s oil facilities. Foreigners, on the other hand, have been steady buyers, followed by local institutional funds. This stemmed mostly from the kingdom’s promotion to major emerging-market equity benchmarks, which triggered passive buying by global funds.
–With assistance from Paul Wallace.
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Economy4 weeks agoOER Magazine September Edition 2026
-
Fashion4 weeks agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Banking & Finance2 months agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Alamaliktistaad Magazines3 weeks agoAlam Al-Iktisaad Magazine September 2026 Edition
-
Banking & Finance2 months agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
News2 months agoOPEC+ Holds Output Steady for October as Focus Shifts to 2027 Quotas
-
Artificial Intelligence1 month agoWhat the World’s Top 10 Tech CEOs Really Earn
