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FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov
CAIRO (Reuters) – Saudi Aramco’s initial public offering (IPO) received approximately 73 billion riyals ($19.47 billion) in institutional and retail orders, Saudi Arabia’s Samba Financial Group said on Thursday.
Some 1.8 million retail subscribers have injected more than 14 billion riyals into the IPO so far, Samba, one of the banks managing the deal, added in a statement sent to Reuters.
Institutional subscriptions amounted to 58.4 billion riyals and 1.82 billion total subscribed shares.
(This story corrects institutional tranch figures.)
Reporting by Alaa Swilam in Cairo; Writing by Tuqa Khalid; Editing by Mark Heinrich
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