Investor buying at Saudi Aramco
About 4 million investors want to acquire a stake in the world’s largest oil company, having closed the Saudi Aramco’s retail tranche before the IPO one day before the completion of applications.
The contribution reached 32.6 billion riyals for $ 8.7 billion. The third part will be the largest sale of shares in the world. At the same time, it was reserved for retail investors. A nationwide advertising campaign, offering loans in excess of the standard limits, to finance the purchase influenced investors.
Some retail investors may invest in institutional offers using funds offered by local banks. People familiar with this issue wish to remain anonymous until the transaction is completed.