Saudi Goldman Sachs implemented no Price Stability Operation, Saudi Aramco Announces

An Archive photo of Aramco's Listing on Tadawul.

Saudi Aramco released the following announcements dated 10/12/2019, 17/12/2019, 24/12/2019 and 31/12/2019. Later it announces receiving an addendum notification from the Saudi Goldman Sachs(the “Stabilizing Manager”).

It is about the IPO of the shares of the Issuer (the “Offering”) containing its fourth mid-stabilization announcement.

Saudi Aramco added in the statement that this announcement included no implementation of any price stability operations, by the Saudi Goldman Sachs, so far.

However, Saudi Aramco expects that the period of price stability will end at the end of January 9, 2020. Knowing that the period of price stability for offering Saudi Aramco shares was from December 11, 2019 to January 9, 2020.

On the other hand, Saudi Goldman Sachs, the Stabilizing Manager, announced that it may stabilize the offer of the following securities, in accordance with the instructions relevant to the Price Stabilization Mechanism, recognized in Initial Public Offerings (IPOs).