Saudi Aramco order book reaches 73 billion riyals so far

RIYADH/DUBAI : Saudi Aramco’s initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group said on Thursday.

Some 1.8 million retail subscribers have injected more than 14 billion riyals into the IPO so far, Samba, one of the banks managing the deal, said in a statement sent to Reuters.

Institutional subscriptions amounted to 58.4 billion riyals and 1.82 billion subscribed shares, it added.