EFG Hermes oversees $11B Saudi Aramco offering on Saudi Exchange

Updated 6/12/2024 11:24:00 AM
EFG Hermes oversees $11B Saudi Aramco offering on Saudi Exchange

Arab Finance: EFG Hermes, a subsidiary of EFG Holding, has completed its advisory role on the $11 billion fully marketed secondary public offering of Saudi Aramco on the Saudi Exchange, as per an emailed press release.

Saudi Aramco, the world’s largest integrated energy and chemicals company, offered 0.64% of its total issued shares, amounting to 1.545 billion existing shares at SAR 27.25 per share.

EFG Hermes served as a joint bookrunner for the transaction, marking the region's largest fully marketed offering.

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