Aramco launches $ 50.4 billion (To correct IPO applications from institutions to 5.9 billion shares, not 6.3 billion after clarification from banks)
RIYADH (Reuters) – Saudi Aramco has attracted 189.04 billion riyals ($ 50.4 billion) underwriting orders for institutional investors in its planned initial public offering, its financial advisers said in a joint statement on Tuesday.
Aramco launches $ 50.4 billion
Construction of the institutional order book began on November 17 and investors have until December 4 to subscribe. Aramco plans to sell 1.5 percent of its shares in a deal that could raise up to $ 25.6 billion.
Samba Capital, NCB Capital and HSBC Saudi Arabia said the state-owned oil giant had received subscriptions from institutional buyers for about 5.9 billion shares so far.
(USD = 3.7500 Saudi Riyals)
The importance of the feasibility study report
The importance of the feasibility study report, if you have some experience with feasibility studies, you may know that this report is very important
It greatly helps to get the most professionalism and success in the project that you are thinking of,
It is also often the responsibility of the project manager to control the writing of the report and it is comprehensive for all aspects of the project.
The importance of writing the report is to provide legal and technical evidence of project vitality, sustainability, cost-effectiveness, and project success
And obtaining profits, it also allows the process of preparing reports for higher management
In order to obtain the necessary information needed to make major decisions regarding budget preparation and investment planning,
Therefore, we will provide you with some important information on the importance of the feasibility study report.