November 25, 2019 / 3:41 PM / 16 days ago

Aramco IPO retail subscription at $5.8 bln, says lead manager

RIYADH, Nov 25 (Reuters) - Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said.

Aramco, the world’s biggest crude oil producing company, is looking to sell 1.5% of its stock in the IPO. (Reporting by Marwa Rashad Writing by Maher Chmaytelli Editing by David Goodman)

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