Non-Saudi investors were allocated 23 per cent of the institutional tranche of Saudi Aramco's initial public offering (IPO), an executive at one of the lead banks on the deal told the Al Arabiya news channel on Monday.

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

The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

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

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed