Tadawul Announces Listing Date for Saudi Aramco

Saudi Aramco’s record-breaking IPO grows to $29.4bn

The Saudi Stock Exchange (Tadawul) has announced that the listing and trading of the Saudi Arabian Oil Company (Saudi Aramco) will start on Wednesday Dec. 11, 2019, with the symbol 2222, and a ±10% daily price fluctuation limit.

Tadawul said that on the first day of trading only, the opening auction for the Saudi Arabian Oil Company (Saudi Aramco) will be extended for 30 minutes.

Accordingly, the opening auction session will start from 9:30 AM until 10:30 AM on Wednesday Dec. 11, 2019 only, adding that the continuous trading will start at 10:30 AM, and closing auction at 3:00 PM as usual.

Tadawul added that the opening auction will remain the same for the rest of the securities listed on the Main Market from 9:30 AM until 10:00 AM, while the continuous trading for the rest of listed securities on the Main Market will commence at 10:00 AM.