Aramco Completes Initial Public Offering on the Tadawul Exchange

Updated 1 year 9 months ago

On its corporate website, Saudi Aramco announced its intention to proceed with an initial public offering (IPO) on the Main Market of the Tadawul exchange in November 2019. The company completed the world's largest public offering in December 2019, raising $25.6 billion in exchange for 1.5% of the company's shares.

The IPO had been delayed several times since 2016 and considered a number of different listing venues.