We show you our most important and recent visitors news details Aramco to transfer free bonus shares to Saudi investors on July 25 in the following article
Hind Al Soulia - Riyadh - Saudi Gazette report
RIYADH — Saudi Aramco announced on Sunday that the Kingdom’s government has set a date for the transfer of free shares to the investment portfolios of individual Saudi investors.
Saudi Arabia, which is the oil company’s seller shareholder, set the date for the transfers on Saturday, July 25, 2020.
Saudi Aramco said that the eligibility period for entitlement to receive bonus shares (180 days) had ended at the close of trading on Sunday, June 7, 2020.
Eligible Saudi retail bonus investors, who continuously and uninterruptedly hold offer shares the date on which Aramco’s shares debuted on the Saudi Stock Exchange (Tadawul) until the end of trading on June 7 (the end of the bonus shares holding period), will be entitled to receive 1 share for every 10 allocated offer shares, provided that the number of shares does not exceed 100 bonus shares.
These bonus shares will be allocated from the shares owned by the Saudi government (the Selling Shareholder).
According to the IPO prospectus, Saudi Arabian retail investors that hold their shares for a minimum of 180 days, or six months, will be eligible for a 10 percent discount through the allocation of additional bonus shares.
On December 2019, Aramco completed the retail portion of its IPO. It was 1.48 times oversubscribed with SR47.4 billion ($12.64 billion) in orders.
Saudi Aramco, one of the largest companies in the world, is in the process of putting a portion of its ownership into public trading through an initial public offering (IPO).
These were the details of the news Aramco to transfer free bonus shares to Saudi investors on July 25 for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
