November 26, 2019 / 6:18 PM / 11 days ago

Aramco IPO retail subscription at $7.21 bln -lead manager

RIYADH, Nov 26 (Reuters) - Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 27.04 billion Saudi riyals ($7.21 billion) on Tuesday, 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.

$1 = 3.7500 riyals Reporting by Marwa Rashad, writing by Stephen Kalin, editing by Chris Reese

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