Non-Saudi buyers got 23% of Aramco IPO institutional tranche

Non-Saudiinvestors were allocated23 per centof theinstitutionaltrancheofSaudiAramco's initial public offering (IPO), an executive at one of the lead banks on the deal told the Al Arabiya news channel on Monday.

Wassim Al Khatib, head of investment banking at National Commercial Bankalso said theSaudiPublic Pension Agency received an allocation equivalent to 11.5 per centof theAramcoIPOinstitutionaltranche.

State-ownedAramcois expected to list 1.5 per centof its shares on theSaudiexchange later this week in a deal worth $25.6 billion.

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