Saudi Goldman Sachs has not Implemented any Price Stability Operation -Saudi Aramco Announces

Dammam, Saudi Aramco said that following its announcements dated 10/12/2019, 17/12/2019, 24/12/2019 and 31/12/2019, it announces that it has received an addendum notification from the Saudi Goldman Sachs, (the Stabilizing Manager), in relation to the initial public offering of the shares of the Issuer (the Offering) containing its fourth mid-stabilization announcement.

Saudi Aramco added in the statement that this announcement included no implementation of any price stability operations, by the Saudi Goldman Sachs, so far.

However, Saudi Aramco expects that the period of price stability will end at the end of January 9, 2020, knowing that the period of price stability for offering Saudi Aramco shares was set for the period from December 11, 2019 to January 9, 2020.

On the other hand, Saudi Goldman Sachs, the Stabilizing Manager, announced that it may stabilize the offer of the following securities, in accordance with the instructions relevant to the Price Stabilization Mechanism, recognized in Initial Public Offerings (IPOs).

Source: Saudi Press Agency