{"id":304995,"date":"2019-12-11T10:28:45","date_gmt":"2019-12-11T04:58:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304995"},"modified":"2019-12-11T11:12:23","modified_gmt":"2019-12-11T05:42:23","slug":"saudi-central-bank-closely-monitoring-aramco-ipo-ready-for-a-cash-crunch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-central-bank-closely-monitoring-aramco-ipo-ready-for-a-cash-crunch\/","title":{"rendered":"Saudi central bank closely monitoring Aramco IPO, ready for a cash crunch"},"content":{"rendered":"<p>Saudi Arabia&#8217;s central bank is ready for any liquidity squeeze from Saudi Aramco&#8217;s initial public offering (IPO) and is closely monitoring local banks, its governor said, after heavy demand for loans to buy the stock. <\/p>\n<p>Aramco&#8217;s long-awaited listing on the Saudi Arabian stock exchange is due on Wednesday, completing the largest IPO on record and raising $25.6 billion from retail and institutional buyers who took on debt to back their orders. <\/p>\n<p>&#8220;We don&#8217;t rule out that there might be squeeze of liquidity later on, that&#8217;s why I am ready and stand ready to intervene,&#8221; Ahmed al-Kholifey told Reuters. <\/p>\n<p>Saudis had clamoured to own part of the &#8220;crown jewel&#8221; of the world&#8217;s top oil exporter in the lead up to its IPO, with Aramco&#8217;s institutional tranche 6.2 times oversubscribed, while more than 5 million individuals subscribed to a retail tranche.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s central bank is ready for any liquidity squeeze from Saudi Aramco&#8217;s initial public offering (IPO) and is closely monitoring local banks, its governor said, after heavy demand for loans to buy the stock. Aramco&#8217;s long-awaited listing on the Saudi Arabian stock exchange is due on Wednesday, completing the largest IPO on record and raising $25.6 billion from retail and institutional buyers who took on debt to back their orders. &#8220;We don&#8217;t rule out that there might be squeeze of liquidity later on, that&#8217;s why I am ready and stand ready to intervene,&#8221; Ahmed al-Kholifey told Reuters. Saudis had [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-304995","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304995"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304995\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}