Saudi Aramco shares to start trading December 11: Tadawul exchange

Business

FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo

DUBAI (Reuters) – Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said on Twitter on Friday.

The Saudi oil giant priced on Thursday its initial public offering at 32 riyals ($8.53) per share, raising $25.6 billion and beating Alibaba Group Holding Ltd’s record $25 billion listing in 2014.

Reporting by Maher Chmaytelli; Editing by Jon Boyle

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