Saudi Aramco allocates up to 1,500 shares per subscriber in IPO

Saudi Aramco allocated on Thursday up to 1,500 shares to each retail subscriber in its initial public offering (IPO), a full allocation ratio to 97.5% of total subscribers, or 97.5% of total subscribers, Samba Capital & Investment Management Co., the IPO lead manager, said in a statement.

The remaining shares will be allotted pro-rata based at a ratio of 10.941%.

The excess subscription amount will be refunded from Dec. 6 to Dec. 12.

A total of 5.06 million retail investors subscribed to 1.54 billion shares at a total value of SAR 49.19 billion. The retail IPO was 153.7% oversubscribed.

The IPO lead manager added that 1.4% of investors submitted bids through phone banking, 36.1% through ATMs, 28.4% through internet banking and 34.1% through bank branches.

No. of subscribed shares per each retail subscriber	No. of allocated shares minimum	No. of additional shares required	No. of shares allocated pro rate	Total allocated shares	Actual allocation ratio to requested shares
100	100	-	-	100	100.00%
500	500	-	-	500	100.00%
1,000	1,000	-	-	1,000	100.00%
1,500	1,500	-	-	1,500	100.00%
2,000	1,500	500	55	1,555	77.74%
2,500	1,500	1,000	109	1,609	64.38%
3,000	1,500	1,500	164	1,664	55.47%
3,500	1,500	2,000	219	1,719	49.11%
4,000	1,500	2,500	274	1,774	44.34%
4,500	1,500	3,000	328	1,828	40.63%
5,000	1,500	3,500	383	1,883	37.66%
100,000	1,500	98,500	10,777	12,277	12.28%
1,000,000	1,500	998,500	109,248	110,748	11.07%
10,000,000	1,500	9,998,500	1,093,959	1,095,459	10.95%

Number of Saudi subscribers	4,947,275
Number of GCC subscribers	2,467
Number of resident subscribers	106,258
Subscriber Age Categories:
Up to 16 years	19,314
From 17-30 years	743,727
From 31-45 years	2,323,607
From 46-65 years	1,700,184
Over 65 years	269,168

For more details about Saudi Aramco IPO

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