Saudi Aramco Announces End of Bonus Shares Holding Period
Saudi Arabian Oil Company announced 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, 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 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.
For more information, please refer to section 18.1.6 of the Prospectus, available on our website at