ADIA and KIA to invest in Aramco’s IPO

ADIA and KIA to invest in Aramco's IPO
Abu Dhabi plans to invest $1.5bn in Aramco’s IPO, sources told Bloomberg.

Saudi Aramco executives met with Abu Dhabi Investment Authority (ADIA) officials on Monday to discuss investment opportunities in the sale of Aramco shares, which could be worth up to $25.6bn, three informed sources said.

The meeting between Aramco officials and the ADIA, one of the world’s largest sovereign funds, was separate from a promotional tour for investors in Abu Dhabi.

A similar tour took place in Dubai on Sunday.

KIA to participate in Saudi Aramco’s IPO

KIA plans to invest in Saudi Aramco’s IPO, two informed sources told Reuters on Wednesday.

It’s noteworthy that Aramco also addressed the Kuwait Investment Authority (KIA) and Singapore’s GIC.

Samba Capital Asset Management and Investment Management Company (SAMBACapital), as the IPO manager of Saudi Aramco, announced the results of the IPO, with a total of 3.1 million subscribers with 845.1 million shares representing SAR27.04bn.

Tomorrow, Thursday, November 28th, is the last day for individual investors to subscribe.