Sunday,
November 3, 2019 / 03:47PM
/ By Saudi Arabia CMA / Header Image
Credit: Saudi Aramco
The
Capital Market Authority ("CMA") Board has issued its resolution
approving the Saudi Arabian Oil Company (Saudi Aramco) ("the
Company") application for the registration and offering of part of its
shares. The Company's prospectus will be published prior to the start of the
subscription period.
The prospectus includes all relevant information that the investor
needs to know before making an investment decision, including the Company's
financial statements, activities and management.
A subscription decision without reading the prospectus carefully
or fully reviewing its content may involve high risk. Therefore, investors
should carefully read the prospectus, which includes detailed information on
the company, the offering and risk factors.
Thus,
providing potential investors the ability to evaluate the viability of
investing in the offering, taking into consideration the associated risks. If
the prospectus proves difficult to understand, it is recommended to consult
with an authorized financial advisor prior to making any investment decision.
The CMA's approval on the application should never be considered
as a recommendation to subscribe in the offering of any specific company. The
CMA's approval on the application merely means that the legal requirements as
per the Capital Market Law and its Implementing Regulations have been met.
The CMA's approval on the application shall be valid for 6 months
from the CMA Board resolution date. The approval shall be deemed cancelled if
the offering and listing of the Company's shares are not completed within this
period.
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