Saudi Aramco may offer discounted shares to citizens
Saudi Arabia
Dubai - Arab Today
Saudi Aramco which is planned its initial public share offering is also considering discounted shares for local investors, according to a Bloomberg report, quoting ‘people with knowledge of the matter’.
According to the report, the oil giant is looking at ways to structure the IPO in various tiers, so that Saudi buyers can receive the stock at a lower price than overseas investors.
This is in line with the practice in the Kingdom, where shares in government-owned companies have been offered to nationals at nominal value.
The stock market regulator last year approved new rules to price initial public offerings based on demand.
According to John Sfakianakis, director of economic research at the Gulf Research Center, it is how the government has in the past shared wealth with its nationals “as some recent measures have impacted incomes.”
The share pricing or listing venue for the Saudi Aramco IPO has not been decided.
Source :Al Arabiya
- Saturday ,13 January GMT 19:16 2018 China shuts Marriott website over Tibet error, scolds other firms
- Wednesday ,03 January GMT 13:49 2018 China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval fails
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens moreGMT 10:46 2018 Tuesday ,16 January
The Rake announces editorial updatesGMT 11:51 2018 Tuesday ,23 January
Europe brings on charm and blue skiesGMT 10:46 2017 Tuesday ,19 December
For the Variety of Interior Design StylesGMT 13:44 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 10:03 2018 Tuesday ,23 January
Amazon to open first cashierless shop
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:23 2016 Wednesday ,23 March
cartoon fourteen
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:19 2016 Wednesday ,23 March
cartoon nineGMT 08:17 2011 Saturday ,20 August
Syria sees FIFA World Cup ban as politically motivated
GMT 10:17 2016 Wednesday ,23 March
cartoon six
GMT 13:45 2018 Tuesday ,16 January
China races to prevent environmental disaster
GMT 13:03 2018 Monday ,15 January
Tripoli airport clashes kill nine: Libya ministry
GMT 20:54 2017 Saturday ,28 October
Bus plunges into river in Nepal, killing at least 31
GMT 20:21 2018 Wednesday ,03 January
‘Morocco is the Best Team in Africa’: Lopetegui
GMT 08:12 2017 Friday ,22 December
Saudi Arabia Budget Pushes Private Sector to Contribute
GMT 09:41 2017 Sunday ,19 November
Delhi half-marathon to go ahead despite smog, court rules
GMT 06:48 2017 Wednesday ,18 October
French rock magazine offers regrets after putting killer on cover
GMT 12:13 2017 Wednesday ,28 June
At least 24 migrants die as thousands rescued in seas off Libya
GMT 12:41 2018 Thursday ,11 January
GoPro shares dive as it cuts staff
GMT 12:48 2017 Saturday ,18 November
to solve N.Ireland border issue
GMT 11:28 2018 Sunday ,07 January
Saudi boosts citizen benefits as taxes bite
GMT 18:21 2017 Friday ,22 December
Al Dahab: Future is bleak despite victory
GMT 09:14 2017 Tuesday ,17 October
George Wasoof prevented from seeing daughter
GMT 15:03 2017 Thursday ,19 October
Canada's Tragically Hip singer Gord Downie dies at 53
GMT 14:39 2017 Saturday ,14 October
Weinstein being 'condemned by vigilantes': Oliver Stone
GMT 16:24 2017 Sunday ,05 November
National Geographic Food magazine to launch
GMT 21:43 2017 Friday ,11 August
Hot, humid weather on Friday
GMT 18:35 2017 Wednesday ,06 December
Russia banned from 2018 Winter Olympics over dopingGMT 20:53 2011 Tuesday ,19 April
UAE lauded for role in revolutionising golfing world
GMT 11:43 2017 Tuesday ,02 May
Eurozone unemployment unchanged in March
GMT 17:06 2018 Thursday ,18 January
European stock markets join global downtrend
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor