Saudi Aramco and the Government of Saudi Arabia have announced the final offer price for the secondary public offering of ordinary shares at SR27.25 per share. This follows the successful completion of the bookbuilding process.

The offering includes a secondary public offering of 1.545 billion shares, which represents approximately 0.64% of the company’s issued shares. The final offer price applies to both institutional and retail investors.

Retail investors are guaranteed a minimum allocation of 10 shares each, with the remaining shares allocated on a pro-rata basis. This results in an average allocation factor of about 25.13%.

The retail offering was fully subscribed, attracting 1,331,915 subscribers. Consequently, 10% of the offered shares will be allocated to retail investors, while the remaining 90% will be allocated to institutional investors.

To cover short positions from any over-allotments, the government has granted the Stabilizing Manager an option to purchase up to 10% of the offered shares at the final offer price. This option, known as the Over-allotment Option or "greenshoe," can be exercised in whole or in part within 30 days of the commencement of trading on the Saudi Exchange, which is expected to begin on June 9, 2024. If fully exercised, the offering will represent approximately 0.70% of the company’s issued shares.