Saudi Aramco may offer discounted shares to citizens
Saudi Arabia
Dubai - Arab Today
Saudi Aramco which is planned its initial public share offering is also considering discounted shares for local investors, according to a Bloomberg report, quoting ‘people with knowledge of the matter’.
According to the report, the oil giant is looking at ways to structure the IPO in various tiers, so that Saudi buyers can receive the stock at a lower price than overseas investors.
This is in line with the practice in the Kingdom, where shares in government-owned companies have been offered to nationals at nominal value.
The stock market regulator last year approved new rules to price initial public offerings based on demand.
According to John Sfakianakis, director of economic research at the Gulf Research Center, it is how the government has in the past shared wealth with its nationals “as some recent measures have impacted incomes.”
The share pricing or listing venue for the Saudi Aramco IPO has not been decided.
Source :Al Arabiya
GMT 06:30 2017 Monday ,20 March
Asia and the Saudi Aramco IPOGMT 06:22 2017 Thursday ,09 March
Saudi Aramco, McDermott sign MoU for construction of offshore platformsGMT 07:12 2017 Sunday ,05 March
Saudi Aramco aims to work with construction industry to overcome challengesGMT 06:03 2017 Wednesday ,01 March
Saudi Aramco, Malaysian Petronas sign historic dealGMT 21:01 2017 Wednesday ,22 February
Saudi Aramco mulls offering citizens discounted shares
- Thursday ,09 March GMT 06:22 2017 Saudi Aramco, McDermott sign MoU for construction of offshore platforms
- Sunday ,05 March GMT 07:12 2017 Saudi Aramco aims to work with construction industry to overcome challenges
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 14:01 2018 Thursday ,30 August
Expat with rare heart disorder gets life-saving surgery
GMT 22:26 2015 Sunday ,02 August
Kelli Giddish of 'Law & Order' married and pregnant
GMT 23:35 2017 Wednesday ,11 October
EUPOL COPPS appoints new EU head of the police mission
GMT 23:19 2017 Wednesday ,27 September
Iran big obstacle to regional peace
GMT 09:40 2017 Monday ,08 May
ADX launches New York roadshow
GMT 13:55 2011 Saturday ,18 June
American output picks up
GMT 09:23 2016 Thursday ,11 February
Paris, Frankfurt stocks markets dip more than 3%GMT 13:44 2013 Sunday ,28 April
Egyptian information chief resigns
GMT 18:32 2017 Sunday ,05 March
Strikes kill 11 civilians in Syria as tens of thousands flee clashes with DaeshGMT 05:27 2012 Friday ,04 May
\'Almost Invisible\': new poems from mark strandGMT 14:08 2012 Monday ,06 February
Spark tablet runs Linux
GMT 14:27 2017 Thursday ,24 August
Rising tennis stars in the US Open spotlight
GMT 03:11 2017 Sunday ,29 January
OPEC daily basket price stood at $52.91 a barrel Thursday, 26GMT 03:03 2012 Friday ,27 April
10 unusual winter travel destinationsGMT 15:44 2012 Sunday ,02 December
Store sells solid gold tree
GMT 16:48 2017 Tuesday ,17 October
HRH Premier receives outgoing Iraqi ambassador
GMT 11:30 2017 Tuesday ,21 March
Al-Basher Receives Messages from Erdogan
GMT 08:32 2017 Saturday ,07 October
Saudi FM praises his country’s relation with Russia
GMT 07:19 2016 Sunday ,25 December
Deliberations on national minimum wage nearing conclusion
GMT 00:37 2018 Wednesday ,24 January
Bitcoin slumps below $10,000
GMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activities
GMT 08:11 2018 Tuesday ,16 January
Philippines' Mayon volcano alert raised
GMT 14:03 2018 Saturday ,13 January
IGCF to Debate Impact of Digital Age
GMT 20:15 2018 Tuesday ,09 January
ADGM and Bahrain EDB agree to collaborate on fintech
GMT 13:24 2017 Monday ,20 March
Luis Enrique, Pique marvel at prolific Messi
GMT 11:28 2017 Saturday ,29 April
Artist Maia Diab denies retirement
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor