Aramco to transfer free shares to Saudi investors next week

Aramco to transfer free shares to Saudi investors next week

Aramco to transfer free shares to Saudi investors next week

Aramco to transfer free shares to Saudi investors next week

Aramco to transfer free shares to Saudi investors next week

Saudi individuals will also receive bonus shares. (File/Reuters)

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Aramco to transfer free shares to Saudi investors next week

Aramco began identifying those who were due and depositing free shares on June 8

Updated 19 July 2020

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RIYADH: Saudi Aramco said on Sunday that the Kingdom's government has set a date for the transfer of free shares to the investment portfolios of individual Saudi investors.

Saudi Arabia, which is the oil company's seller shareholder, set the date for the transfers on Saturday, July 25, 2020.

Saudi Aramco, one of the largest companies in the world, is in the process of putting a portion of its ownership into public trading through an initial public offering (IPO).

Kuwait scrambles to boost coffers with up to $16 billion debt plan

Other Gulf states have tapped international markets over the past few years

Kuwait could need three to four months to prepare a debt sale

Updated 19 July 2020

Reuters

July 19, 2020 11:03

KUWAIT: Kuwait plans to issue between $13 billion and $16 billion in public debt by the end of the fiscal year ending March 2021 if