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Saudi Aramco IPO subscriptions reach $19.47 billion so far
short by Dharna / on Friday, 22 November, 2019
Oil giant Aramco has attracted around $19.47 billion (73 billion riyals) in institutional and retail subscriptions so far, said Saudi Arabia's Samba Financial Group on Thursday. While the institutional subscriptions amounted to $15.57 billion for 1.8 billion subscribed shares, retail subscribers have invested over $3.9 billion in the IPO. The institutional tranche was reportedly oversubscribed.
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