initial public offering of Saudi Aramco

E223722

The initial public offering of Saudi Aramco was the landmark stock market debut of Saudi Arabia’s state-owned oil giant, raising a record-breaking sum and forming a central pillar of the kingdom’s economic diversification plans.

All labels observed (2)

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf financial event ⓘ
initial public offering ⓘ
stock market listing ⓘ
announcedBy Mohammed bin Salman ⓘ
Saudi Arabian government ⓘ
announcedYear 2016 ⓘ
announcementContext Saudi Vision 2030 ⓘ
bookbuildingEndDate 2019-12-04 ⓘ
bookbuildingStartDate 2019-11-17 ⓘ
country Saudi Arabia ⓘ
institutionalTrancheClosingDate 2019-12-04 ⓘ
internationalFinancialAdvisers BNP Paribas ⓘ
Bank of America Merrill Lynch ⓘ
linked to: Bank of America

Citigroup ⓘ
Credit Suisse ⓘ
Deutsche Bank ⓘ
Goldman Sachs ⓘ
HSBC ⓘ
JPMorgan Chase ⓘ
Morgan Stanley ⓘ
Societe Generale ⓘ
UBS ⓘ
issuer Saudi Aramco ⓘ
leadDomesticAdvisers HSBC Saudi Arabia ⓘ
NCB Capital ⓘ
Samba Capital ⓘ
notableFeature limited participation from major Western institutional investors ⓘ
primarily domestic and regional investor base ⓘ
offerPricePerShare 32 ⓘ
offerPricePerShareCurrency Saudi riyal ⓘ
overallotmentProceedsAmount 29400000000 ⓘ
oversubscriptionDescription heavily oversubscribed ⓘ
previousRecordHolderIPO Alibaba Group IPO ⓘ
pricingDate 2019-12-05 ⓘ
primaryExchange Tadawul ⓘ
primaryExchangeLocation Riyadh ⓘ
proceedsAmount 25600000000 ⓘ
proceedsCurrency US dollar ⓘ
record largest IPO in history by proceeds at time of listing ⓘ
regulator Capital Market Authority of Saudi Arabia ⓘ
retailTrancheClosingDate 2019-11-28 ⓘ
retailTrancheOpeningDate 2019-11-17 ⓘ
sharesOffered 3000000000 ⓘ
stakeSoldPercentage 1.5 ⓘ
strategicGoal raise funds for Public Investment Fund of Saudi Arabia ⓘ
support Saudi Vision 2030 economic diversification ⓘ
subjectOf Saudi Aramco IPO ⓘ
tradingStartDate 2019-12-11 ⓘ
useOfProceeds economic diversification projects in Saudi Arabia ⓘ
valuationAtIPO 1700000000000 ⓘ
valuationCurrency US dollar ⓘ
valuationDescription world’s most valuable listed company at time of IPO ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Mohammed bin Salman Al Saud → oversaw → initial public offering of Saudi Aramco ⓘ
initial public offering of Saudi Aramco → subjectOf → Saudi Aramco IPO ⓘ
linked to: initial public offering of Saudi Aramco