Non-Saudi investors get 23% of Aramco IPO institutional tranche

Non-Saudi investors in oil giant Saudi Aramco’s initial public offering have been allocated 23.1 Per cent of the institutional tranche, one of the lead banks working on the transaction said on Tuesday.

Saudi government institutions were allocated 13.2 Per cent of the institutional tranche, Samba Capital added in a statement. Saudi corporates snapped up the biggest percentage of allocations at 37.5 Per cent.