International investors flocked to Aramco’s secondary offering this month, in marked contrast with the 2019 IPO which was dominated by local buyers (MEES, 6 November 2019). The key change over the past five years has been the scaling up of Aramco’s dividend distributions, which are set to hit $124bn this year (see chart), providing attractive upside for investors.
Aramco Bags New International Investors In Secondary Offering
Attracting international investors was a key goal for Saudi Aramco’s secondary offering this month. With nearly 60% of allocated shares going to international investors, it can chalk the offering up as a success.
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Aramco Dividend Payments Soar, With 2024 Distribution Set To Jump By Another 28% ($bn)
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