Saudi Arabian Oil Company (Saudi Aramco) Announces the Lapse of the Bonus Shares Holding Period
|Announcement Detail||Saudi Arabian Oil Company (the “Company”) announces that the eligibility period for entitlement to receive bonus shares (180 days), as highlighted in section 18.1.6 of the IPO prospectus issued by the Company on 12/03/1441H (corresponding to 09/11/2019G) (the “Prospectus”), has ended as at the end of trading on Sunday June 7, 2020. |
As described in the Prospectus, eligible Saudi retail bonus investors who continuously and uninterruptedly held offer shares from the day Saudi Aramco’s shares began trading on Tadawul, until the end of trading on June 7, 2020 (the end of the bonus shares holding period) will be entitled to receive one bonus share for every ten allocated offer shares, up to a maximum of 100 bonus shares. These bonus shares will be allocated from the shares owned by the Government of the Kingdom of Saudi Arabia (the “Selling Shareholder”).
The bonus shares will be transferred into the portfolio of all persons entitled thereto as soon as practicable (as determined by the Selling Shareholder), but in any event within 75 calendar days after the end of the bonus shares holding period. The date of transfer of such bonus shares, once determined by the Selling Shareholder, will be announced by the Company on Tadawul.
No person will have any rights with respect to the bonus shares until the date such bonus shares are transferred into the portfolio of such person.
For more information, please refer to section 18.1.6 of the Prospectus, available on our website at
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.