BREAKING NEWS
This content is not available in your region

Saudi Aramco to start IPO subscription on Dec 4 - Arabiya

Access to the comments Comments
Saudi Aramco to start IPO subscription on Dec 4 - Arabiya
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo   -   Copyright  Maxim Shemetov(Reuters)
Text size Aa Aa

DUBAI (Reuters) – Saudi Aramco will start subscription for investors in its initial public offering on Dec. 4, Saudi-owned news channel Al-Arabiya said in a news flash on Tuesday citing sources.

The oil giant plans to announce the transaction’s price on Nov. 17, it added. The company will begin trading on the local stock market, the Tadawul, on Dec. 11, the broadcaster reported.

(Reporting by Asma Alsharif, Writing by Sylvia Westall)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.