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Saudi Government Holds 97.62% Majority Stake In Saudi Aramco Shares
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Saudi Government Holds 97.62% Majority Stake In Saudi Aramco Shares

Web Desk
|
10 Jun 2024 10:46 AM GMT

During the final allocation of the fully marketed offering, a significant portion of shares was allocated to institutional investors outside of the Kingdom

Dahran: In the latest shareholder composition update, it has been revealed that the government of the Kingdom of Saudi Arabia, along with related entities, maintains a commanding 97.62% ownership of the issued shares of Saudi Arabian Oil Company (Saudi Aramco).

During the final allocation of the fully marketed offering, a significant portion of shares was allocated to institutional investors outside of the Kingdom. These allocations resulted in international institutional investors holding 0.73% of the issued shares, while domestic institutional investors hold 0.89% and retail investors hold 0.76%.

International and domestic institutional investors refer to institutions that acquired shares through Saudi Aramco's initial public offering (IPO), subsequent offerings, or through open market purchases since the IPO.

Retail investors encompass individual investors, including high-net-worth individuals (excluding executives, directors, and other insiders), who obtained shares via the IPO, subsequent offerings, or open market purchases.

The remaining shareholdings consist of shares owned by the government, shares acquired by or transferred to government-owned entities and subsidiaries (not through the IPO, offerings, or open market purchases), executives, directors, and other insiders, in addition to 163,758,663 shares held in treasury.

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