Subscription Results for the Initial Public Offering of Saudi Aramco as at 8pm of November 26

Samba Capital and Investment Management Company (“Samba Capital”), in its capacity as Lead Manager for Saudi Arabian Oil Company (“Saudi Aramco”), announces that retail subscription results as at 8pm of November 26, totaled SAR 27,043,232,640 representing total subscribers of 3,102,064 and total subscribed shares of 845,101,020 with the following breakdown by channel:

• Phone Banking: 1.79%
• Automated Teller Machine: 23.81%
• Internet Banking: 37.92%
• Branches: 36.48%

Last day of subscription for the retail tranche is Thursday 1/4/1441H (corresponding to 28/11/2019G) 

Rania Nashar, Deputy Chairman of “Samba Capital”, stated that the level of demand witnessed during the IPO is a strong indicator of the trust that the investing community has in the strength of the company’s financial position, in addition to the rising level of financial awareness amongst Saudi citizens – demonstrated through their efforts to increase their savings by investing in companies offering attractive returns.