Aramco announces ownership structure after offering 1,545 bln shares

Saudi Arabian Oil Group (Aramco) announced Sunday data regarding the ownership structure after offering 1,545 billion shares, with the majority of the shares assigned to investors outside Saudi Arabia. In a statement, Aramco explained that investors from international and local institutions own about 0.73 percent and 0.89 percent of issued shares respectively, whereas individuals own around 0.76 percent of the issued shares. The ownership percentage of the remaining investors, including those owned by the Saudi government, constitutes about 97.62 percent of the issued shares, Aramco added. Investors from international and local institutions, Aramco elaborated, purchased Aramco shares through the initial public stock offering, either directly through the market or through their high financial net worth. The remaining shares of Aramco are owned by the Saudi government itself and its affiliates, holding 163,758,663 shares as treasury shares. Source: Kuwait News Agency