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      • The Saudi Exchange ( Tadawul) attracted many initial public offerings (IPOs) in the last few years. In 2019, the Saudi market had the biggest share sale on record by Saudi Aramco, which raised SAR 96 billion, along with other IPOs debuting in the Main Market and Nomu-Parallel Market.
      www.argaam.com/en/article/articledetail/id/1556443
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  2. Dec 5, 2019 · Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly . Saudi Aramco sold 3 billion...

  3. Jan 12, 2020 · State-owned oil company Saudi Aramco said on Sunday it has exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to...

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  4. Nov 3, 2019 · The state-owned oil giant will determine the IPO launch price after registering interest from investors. Business sources say the Saudis are expected to make shares available for 1% or 2% of the...

    • What Happened?
    • Transparency and valuation — Same Problems, Different Day
    • The International Listing Falls Apart

    The Aramco IPO promised to be the largest ever, greatly surpassing the $25 billion offering of Chinese internet giant Alibaba in 2014. Bankers swooned over the potential fees involved, and more than two dozen banks were eventually involved, presenting the company to potential investors around the world. But from the beginning, many investors balked...

    Transparency and valuation have been the biggest challenges since the Aramco IPO was announced nearly four years ago, and they ultimately became the deal’s undoing. Aramco is the world’s most profitable company, with nearly twice the earnings of number-two company Apple in 2018. However, Aramco operates differently than the public companies we’re a...

    The reduced valuation of Aramco was the final straw that ended the kingdom’s dreams of a huge international IPO. The Saudi government was unwilling to sell shares at the low end of the valuation estimates. Offering a smaller percentage of the company to domestic and regional investors was a reasonable fallback. The kingdom offered incentives for lo...

  5. Dec 11, 2019 · Saudi Aramco raises $25.6 billion in the world's biggest IPO The deal was revived earlier this year, but received muted interest from international investors. Concerns included lower oil...

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