Aramco's shares have risen 3.3 percent since the offering last month
Aramco's book was covered four to five times near the bottom of the price range of 26.7 to 29 riyals
During Aramco's 2019 initial public offering, overseas investors had largely balked at valuation expectations and left the government reliant on local buyers
The deal will test global investors' appetite for the world's biggest oil exporter amid questions about climate change and the future of fossil fuels
The Saudi government, which directly holds about 82.2 per cent of Aramco, relies heavily on the company's payouts, which also include royalties and taxes
The world's biggest oil company has taken on more debt in the past 12 months to keep up the dividend in the face of dwindling cash flow, though its gearing remains below that of firms such as Royal Du
Currently, the government owns the entire 100 per cent stake in LIC.
Aramco said "no additional shares are being offered into the market today and the stabilising manager will no
Saudi Arabia's main index, in which Aramco is the second-biggest member, ended slightly higher
Shares ended 2.8 per cent lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion
Aramco raised $25.6 billion in the biggest-ever IPO, selling shares at 32 riyals each and valuing the company at $1.7 trillion.
Over the decades, the firm has grown into the world's largest and most profitable energy concern, generating some 10 percent of global crude supplies and trillions of dollars in income
Saudi Arabian Oil Co (Aramco), whose shares make their stock market debut at 0730 GMT, priced its record IPO last week, raising $25.6 billion
Saudi banks extended huge loans for clients wanting to maximize their participation in the IPO, with some expanding lending to four times the official limit, sources have previously told Reuters.
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially
Aramco's journey from private to public company was an unwieldy and at times fractious deal-making process
From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.
The sum raised by the oil giant surpasses the $25 billion garnered by the Chinese online trading group Alibaba in 2014 when it entered Wall Street
The listing, expected later this month on the Riyadh stock exchange, is a far cry from the blockbuster debut originally envisaged by the Crown Prince
Aramco alone will be enough to move HSBC up two spots to 10th place on the main league table tracking stock offerings in EMEA