Saudi Arabian CMA Announces the Approval of The IPO of The Saudi Arabian Oil Company's Shares

Proshare

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.

 

 

Proshare Nigeria Pvt. Ltd.

 

 

Related News

  1. Saudi Aramco Ramps Up IPO Preparations Despite Weakened Demand Outlook - Sept 26, 2019
  2. Platts: Oil Could Test $80 After Attacks In Saudi Arabia - Sept 16, 2019
  3. Oil Prices Set To Rise After Saudi Arabia Drone Attacks; Saudi Arabia Cuts Oil Output By 5m Barrels - Sept 15, 2019
  4. What Is Saudi Arabia's Best Oil Strategy? - Sept 06, 2019
  5. Saudi Aramco Posts Strong Cash Flows, Boosting M and A Prospects - Aug 22, 2019
  6. The Oil Crisis Saudi Arabia Can't Solve - Jun 29, 2019
  7. Saudi Arabia: We'll Pump The World's Very Last Barrel Of Oil - Jan 24, 2019
  8. Saudi Arabia Capital Market Authority Warns Investors Against Digital Currency Investment - Feb 13, 2018
  9. Saudi Stock Exchange Appoints HSBC Saudi Arabia Financial Advisor for its IPO - Mar 06, 2016

 

 

Proshare Nigeria Pvt. Ltd.




Proshare Nigeria Pvt. Ltd.







READ MORE:
Related News
SCROLL TO TOP