According to the recent closing of the Aramco share price at SR32.95, the market value of Aramco shares distributed free to Saudi individuals amounted to about SR1.977 billion. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.DUBAI — Saudi Arabian Oil Co., or Saudi Aramco, priced its IPO at 32 riyals ($8.53) per share — the top of its indicative range — which puts the company on track to raise $25.6 billion.Aramco did not reply to CNBC requests for comment.Gulf allies the United Arab Emirates and Kuwait are believed to have made substantial commitments to the Saudi project, with the Kuwait Investment Authority and Abu Dhabi reportedly investing up to $1 billion and $1.5 billion in the public offering, respectively, though they have not commented publicly on the matter.Aramco's initial public offering may have priced at the top of its range, but the $1.7 trillion valuation is below what the kingdom had initially been targeting. By Shu Zhang SINGAPORE (Reuters) - Top oil exporter Saudi Arabia may cut its September official selling price (OSP) for crude sold in Asia, tracking falling Middle East benchmarks...By doing so, you and %USER_NAME% will not be able to seeany of each other's Investing.com's posts.Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.After decades of dominance, America’s largest energy company Exxon Mobil (NYSE:XOM), has finally ceded its position as the world’s second most valuable energy company...Warren Buffet says "buy when there is blood on the streets" and there is blood on the streets in the global natural gas market. Most IPOs are over subscribed many more times over and the government had to manufacture demand, even from Saudis."The IPO's size is well short of the crown prince's initial valuation of $2 trillion. The Upstream segment’s activities consist of exploring for, developing and producing crude oil, condensate, natural gas and natural gas liquids (NGLs). "The investments were almost entirely local and attracted no money from outside the region, over-subscription was not significant. (Bloomberg) -- Saudi Arabia may have little choice but to reduce the price of its oil as OPEC and allied producers start to ease output curbs amid weakening demand that’s crashed...Saudi Arabian Oil Company, also known as Saudi Aramco, is a Saudi Arabia-based integrated oil and gas company. DUBAI — Saudi Arabian Oil Co., or Saudi Aramco, priced its IPO at 32 riyals ($8.53) per share — the top of its indicative range — which puts the company on track to raise $25.6 billion. That 1% is equivalent to 2 billion shares. We are committed to providing you with a productive and privacy-friendly website experience. Well, Warren Buffet and Berkshire Hathaway...Equities higher in Asia as Nasdaq rally spills overThe NASDAQ outperformed, as investors piled into Amazon (NASDAQ:AMZN) and Zoom (NASDAQ:ZM) and their ilk on the premise that the...Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. I ACCEPT. Institutional investors had between Nov. 17 and Dec. 4 to place their orders.Got a confidential news tip? Aramco has said in the past that 0.5% of its listed shares would be available to individual retail buyers, while the remaining 1% would be for institutional investors. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Some refineries in the Asia-Pacific are ramping up runs as lockdowns across the region ease and demand surges, but others continue operating at low runs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.More obvious risks include the supply, demand and price of crude or how much oil the Saudi government decides to produce, as the country is the largest producer in OPEC."The local demand from retail investors wasn't as high as (Saudi Arabia) hoped for," Wald told CNBC on Thursday. Saudi Arabian Oil Co (Saudi Aramco) Announces Purchase in the Amount of SAR 259.125 billion (US$ 69.1 billion), Equating to SAR 123.39 Price per Share, for 70% Stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth Fund of Saudi Arabia : Get the latest Aramco (Saudi-Aramco stock price and detailed information including news, historical charts and realtime prices. The Company’s chemicals business spans from production of basic chemicals, such as aromatics, olefins and polyolefins to complex products, such as polyols, isocyanates and synthetic rubber. Like most websites you visit, we use cookies to provide you with a better service. Stock analysis for Saudi Arabian Oil Co (ARAMCO:Saudi Arabia) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Saudi Aramco stock sank 10% on Middle East tension but here’s why it’s still too pricey Jan. 8, 2020 at 4:51 a.m.